Monday, December 12, 2005

how long does your credit report reflect your bad credit

How long do credit files stay on my record? How long does your credit report reflect your bad credit?
7 years for bad credit, late payments, collections, charge off's. Lawsuits and judgments 10 years or until the statute of limitations runs out in the state. 3 years for inquiries. Diminished effect on my credit score takes place at 2 years out. Good or bad! If you have not used credit in 2 years you score will be gone. Must have used credit within the last 2 years.

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