Bad credit disappears after seven years?

Yes, delinquent accounts may only be posted to your credit report for a maximum of 7 years (can be 7.5 at the most) from the date of the first delinquency leading to charge off. Nothing can LEGALLY reset the 7 year clock once an account has be charged off.

This is governed by the Fair Credit Reporting Act. Any person or company who knowingly alters a tradeline to make it report for longer than the 7 years (called "reaging") is violating the FCRA and can be sued for $1000 per violation plus legal fees and any actual damages.

Nothing can LEGALLY reset the 7 year clock once an account has be charged off.

The link below explains it pretty well. Feel free to email me if you have any other questions.

If you want do know if Bad credit disappears after seven years I can tell you Yes, it's posted maximum of 7 years.

If you want to know more, check out http://badcreditloansway.net/Faircreditreport

Have a look and you can find loans that line up with your criteria quickly and easily.

specific, if it replaced into scientific expenses, delinquent loans and delinquent credit enjoying cards. they're going to age off 7 a million/2 years as quickly as they first went delinquent. No, while you're talking approximately pupil loans and tax liens. those do no longer age off and don't expire.

7 years from last payment activity (or charge off)

BK is 10 years.

Do a google search on FDCPA. and FCRA

it WILL fall off the credit report, BUT if u STILL owe the $$$ u should pay it off. pd debt loox bettern UNpaid. anyway, no 1 in their right mind will make a contract w/ minors, this is illegal.