How long do negative items remain on my credit report?
Late or negative information generally can be reported for seven years, but there are exceptions: • Bankruptcy information can be reported for 10 years. • Information reported because of an application for a job with a salary of more than $20,000 has no time limitation. • Information reported because of an application for more than $50,000 worth of credit or life insurance has no time limitation. • A lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer; and default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.
