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Credit Report Collection Q & A

iStock_000010185158XSmallQ:

I’m confused about the 7 year guideline. Does that mean any item that is on my credit report and is more than 7 years old have to be removed or do I have to dispute the item and hope that it is removed. For example, a credit card with a balance that has been in default since 1999.

Thank you,

Jeffrey

A:

Hi Jeffrey,

Typically most collections are only suppose to be on your credit report for 7 years from Collection date. Unfortunately they don’t always get removed properly. There are some collections that stay on your credit report longer than 7 years. Here is how long certain collections stay on your credit report. Collection Expiration periods.If you find your collections on your credit report has expired, you can use our on-line credit dispute link to dispute them and get them removed from all 3 credit bureaus.
CreditScoreQuick.com

This entry was posted on Monday, April 19th, 2010 at 6:51 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.



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Disclaimer: This information has been compiled and provided by CreditScoreQuick.com as an informational service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.