How long will a collection account remain on the consumer’s credit report?
A. Collection accounts remain on the consumer’s credit report seven (7) years from the date of last activity, in many cases this will be seven (7) years from the date the account was placed on the credit report; however, payments are considered “activity.” Once an account is paid-in-full it is marked as satisfied but is NOT removed from the credit report. The Fair Credit Reporting Act (FCRA) prohibits this.
