How long will it take to get off my credit report?
AnGeLa asked:
For the last 2 1/2 years i have been getting small loans out with a finance company to establish some credit. I have had 3 of them and I am working on paying my 4th one off. When i looked at my credit report the other 3 were reported as closed.it is listed under revolving accounts, but they all have $0 balances. how long do these stay on your report?
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For the last 2 1/2 years i have been getting small loans out with a finance company to establish some credit. I have had 3 of them and I am working on paying my 4th one off. When i looked at my credit report the other 3 were reported as closed.it is listed under revolving accounts, but they all have $0 balances. how long do these stay on your report?
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Tags: Establish Credit, Loans, Revolving Accounts
February 4th, 2009 at 11:56 am
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7 years for debts other than bankruptcy which stays for 10 years.
You have to keep checking though. I applied for a mortgage and a lawsuit which had occured almost 20 years before it showed up. It also showed me as the defendant when I was
the president of a defendant corporation. It did not mention that we won the lawsuit.
I had to do a lot of explaining and letter writing.
February 7th, 2009 at 9:38 am
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Usually stuff falls off after 5-7 years
February 9th, 2009 at 3:33 pm
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Accounts with “good” standing can stay on for 10 years, and “bad” accounts fall off after 7 years. I watch a lot of Suze Orman. God Bless!