How long can accurate/derogatory information remain on my credit report?
The basic guideline or rule of thumb is that information regarding revolving accounts and installment accounts generally remains on the credit file for up to 7 years. Judgments can remain up to 7 years or until the statute of limitations runs out. In the case of Bankruptcies the time frame is up to 10 years. Please keep in mind that post Bankruptcy is a good time to monitor your credit report to ensure that the information in your credit file is being accurately reported. If the information in your credit report is accurate, than either special arrangements with the creditor or the passage of time may be your only avenues towards the removal of the derogatory information.
