How Long Can a Charge Off Stay on a Credit Report?

23 Nov How Long Can a Charge Off Stay on a Credit Report?

With limited exceptions, after an account becomes delinquent, information about the delinquency can only appear on a credit report for seven years plus 180 days. According to the FTC Commentary, this time period is not extended if the debt is sold or if full or partial a payment is made on the debt. However, if a consumer enters into a new payment agreement with a debt collector, this can be considered a new account triggering a new seven year (plus 180 day) reporting period.

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