Home

« How soon credit score is restored | As lenders tighten lending guidelines, credit repair alone will not do it »

August 14, 2007 | 08:23 PM

Charge offs and credit reporting time limit

Tue Aug 14, 2007 08:08PM | By Tony

See more in Credit Repair | Permalink | Email | Comments (0)

question.jpg

Q: How long does a charged-off debt remain on a person’s credit report?

A: Charge-Offs stay on a credit report for 7 years. The time runs from the date of the delinquency, plus 180 days. If payment was due on January 1, 2000, but debtor defaulted, and never caught up to become current again, and the account is declared a charge-off by creditor, then the seven year reporting time limit starts running on July 1, 2000, with the record scheduled to expire from credit reports on July 1, 2007

Post a comment