Nothing in credit lasts forever — good or bad.
What’s on your credit report can be the difference between getting a mortgage and not — and affects your interest rate on all kinds of loans.
That makes knowing what’s on it, and how long it’s going to be there, important for your finances. If you’re not sure how long something will stay on your credit report, learn more in this slideshow.
How Long Does Stuff Stay On Your Credit Report?
2. Charge offs
3. Collection account
4. Credit inquiry
5. Defaulted student loan
6. Eviction / foreclosure
7. Late payment
8. Opening / closing accounts
Positive items on your credit report generally impact your report longer than negative items. Debt doesn't always have to be a bad thing — as long as you borrow responsibly. If you have an open debt account, but pay it off, that will stay on your credit 10 years after the date of final payoff.
10. Payment history
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Article last modified on July 30, 2018. Published by Debt.com, LLC . Mobile users may also access the AMP Version: How Long Does Stuff Stay On Your Credit Report? - AMP.