How Long Do Charge offs Stay on Your Credit Report? Negative information, including charge offs, remain on your credit report for seven years. Multiple Inquiries When Shopping for a Car Loan Dear Experian, I went car shopping one day and now there are lots of inquires...
http://www.experian.com/blogs/ask-experian/category/credit-advice/report-advice/report-details/charge-off/
The collections account will stay on your credit report for seven years from the date of the last delinquency of the old debt, same as the charge-off. If you settle the debt or eventually pay it off in full, that will be listed as the most recent status of the collections account.
http://www.bankrate.com/finance/credit/charge-offs-on-credit-report-for-years.aspx
The short answer is: A charge-off stays on your credit report for seven years from the date of the last delinquency, as dictated by the Fair Credit Reporting Act, or FCRA.
http://www.bankrate.com/finance/credit/charge-offs-on-credit-report-for-years.aspx
But, something like Federal Judgements can stay on indefinately, especially in cases of criminal activity that caused the problem, or in the cases of Bankruptcy which can stay on as long as 10 years. one thing to keep in mind. a creditor normally has 7 years to collect on a debt, before it ages off your report..
https://www.creditkarma.com/question/do-bad-credit-reports-automatically-come-off-after-7-years
If a credit card company writes off your debt, it will show up on your credit report as a charge-off. Having a charge-off on your credit report usually has a negative impact on your credit score. Further, a charge-off normally stays on your credit report for seven years. Briefly tell us about your case.
http://www.nolo.com/legal-encyclopedia/what-is-credit-card-debt-write-off.html
Typically, a credit card company will write off a debt when it considers it uncollectable. In most cases, this happens after you have not made any payments for at least six months. However, each creditor has a different process for determining whether a debt is uncollectable.
http://www.nolo.com/legal-encyclopedia/what-is-credit-card-debt-write-off.html
The judgment itself will remain on your credit report for seven years from the date of the court filing, whether or not you pay it. However, a paid judgment will hurt your credit less than an unpaid one, and the judgment's negative impact -- whether paid or unpaid -- will lessen over time.
http://www.bankrate.com/finance/credit/charge-offs-on-credit-report-for-years.aspx
Typically, a creditor will turn over the debt to a collection agency. The collection agency will then pursue the debt. You owe the debt until its paid, settled, or discharged in a bankruptcy proceeding. Negative information, including charge offs, remain on your credit report for seven years.
http://www.experian.com/blogs/ask-experian/category/credit-advice/report-advice/report-details/charge-off/
This is almost correct. Although items must be removed from your credit report after 7 years of inactivity, you can be sued for them until the statute of limitations expires. The statute of limitations varies from state to state; for instance, in Illinois, the statute of limitations is 10 years.
https://www.creditkarma.com/question/do-bad-credit-reports-automatically-come-off-after-7-years
Steve, the charge-off will remain on your credit report for 7 years. The Fair Credit Reporting Act states that negative items will remain on your credit report for 7 years from the first date of delinquency resulting in the charge-off. Typically, a debt is charged off once it is delinquent for 120 to 180 days. The original time frame for a loan -- such as 5 years, in the case of an auto loan -- has no bearing on the length of time the delinquency will be reported in your credit file.
http://www.bankrate.com/finance/debt/time-limits-old-bad-debt.aspx
how long does a write off stay on your credit
A write off stays for seven years on your credit. A write of on your credit card will stay for seven years. A write off stays seven years on your credit.