How Long Can an Item be Reported on My Credit Report?

06 Oct How Long Can an Item be Reported on My Credit Report?

Generally, the reporting periods are as follows:

  • Bankruptcy – Ten years beginning from the date of entry for the order for relief (the filing) or date of adjudication under the Bankruptcy Code.
  • Lawsuits & Judgments – Seven years from the date of entry or until the governing statute of limitations has expired, whichever is longer.  For lawsuits, the date of entry is the date the lawsuit was initiated.  For judgments, the date of entry is the date the judgment was entered.
  • Paid Tax Liens – Seven years from the date of payment.
  • Accounts Placed for Collection or Charged Off – Seven years from the date of delinquency itself until 180 days following the delinquency, depending on when the debt was placed for collection or charged off.
  • Records Relating to Arrest – Records of arrest are treated like lawsuits and judgments and can be reported for seven years or until the statute of limitations expires, whichever is longer.
  • Criminal Convictions – No limit applies.
  • “Any Other Adverse Item” – Generally, with the exception of the items listed above, any adverse item cannot be reported for more than seven years.

It is important to note that there are special reporting rules for Federally backed student loans.  There are also reporting exceptions for transactions exceeding a certain dollar amount.

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