how long does a bad report stay on your credit
- Good credit stays for 10 years and then it is aged off but can stay longer. - Bankruptcies that, from the date of adjudication, (means decision) antedate (means predate) the report by more than 10 years.- Collection accounts and charge offs remain for 7 years from first serious delinquency or charge off date.(NOT the last date of activity.) - Paying an old debt does NOT reset the clock on reporting for another 7 years.Paid tax liens are reported for 7 years from date paid not filed! So pay them quickly!) - Records of arrest, indictment, information, misdemeanor complaint, or conviction of a crime that, from the date of disposition, release, or parole, antedate the report by more than seven years.