How long can Credit Reporting Agencies report unfavorable information?
Generally seven years. Adverse information can be reported after that for the following reasons: • Bankruptcy information can be reported for ten (10) years. The time starts from the date of the filing for either Chapter 7 or Chapter 13. • Information reported because of an application for a job with a salary of more than $75,000 has no time limitations. • Information reported because of an application for more than $150,000 worth of credit or life insurance has no time limitation. • Information concerning a lawsuit or judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
