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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Nicholas Ortiz, Boston Bankruptcy Attorney
From Attorney Ortiz: We have been helping consumers and small businesses in Massachusetts successfully navigate through the bankruptcy process since 2002. We offer free initial consultations and payment plans. Call us at 617-716-0282 to discuss your debt relief options. Mention the Bankruptcy Law Network when you call!
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