Hi Everyone, I wanted to know how to calculate when an item will “fall off” of my credit report. For example in the case of a credit card do I count 7 years from the date first reported, the date last reported, or the date of the last payment? Just trying to figure this out as I go down this road of credit repair-any help will be appreciated-and any suggestions as well.
I may be wrong with my information but here it goes anyway. If an item is still active it won’t fall off the credit report. IF an item is inactive (paid off loan, closed credti card,etc) than it falls off after two years. Bankruptcy fall off after seven years.
I believe bankruptcy falls off after 10 years. It is my understanding anyone looking at your credit report is going to be more concerned about what is going on for the past 2 or 3 years and not be too concerned about what happened a decade ago.
One of the credit bureaus-either Equifax or Experian puts the dates on their credit reports of when something will remain on record. After each creditor (of inactive or closed accounts), there would be a notation of when the item would fall off. I don’t know if they still do that. Reports and BK will stay 7-10 years. My BK lasted 10 years until it finally went away.
I, too, would like to know. I have heard so many different things that I don’t know what is correct or not. I looked up my credit report and it still has credit cards that I closed over 10 years ago on it. How do I get them to take them off?