How long do I have to wait for something bad on my credit report to be removed?

October 26th, 2009 | by admin |

OK, I had some bad things (credit cards, apt. lease, student loan) on my credit report that I used a credit counseling service to get removed. How many years after I used this service do I have to wait? I heard it was 7 years. Is this true?
Thanks for the help!!

  1. 4 Responses to “How long do I have to wait for something bad on my credit report to be removed?”

  2. By B.B on Oct 28, 2009 | Reply

    U have to pay off then it takes up to 7 years…

  3. By acermill on Oct 28, 2009 | Reply

    Yes, the standard duration time on your credit report for such items is seven years. Other more serious issues can last longer.

    If your credit counseling service told you they would have them removed, they misled you.

  4. By SCH on Oct 31, 2009 | Reply

    Seven years from the date of the last payment. 10 years for a mortgage and bankrutpcy

  5. By BigGMoney15 on Nov 1, 2009 | Reply

    It all depends on how bad the situation was… did you have 90+ day lates on all of these? It’s all relative. If you have thirty different credit accounts all in good standing, then you should be able to weather the storm (although it will be a rough storm), but being that you went to a credit counselor to resolve these issues, I’m guessing that you had just these three accounts, maybe a few more, and you defaulted on these. Being that these were your primary accounts and you defaulted, it is going to take some time to make amends with your credit report. Exact time? Who knows. It could be seven years. It all depends on what you do in the meantime to improve your credit. If you still have these accounts open, do your very best to pay them off. If you prove that you have the ability to pay these accounts off, your credit will definitely improve with time. Just work on not defaulting again. Especially over 90 days… that is like the ultimate worst. And definitely do not default on your car payment (if you have one). That is a huge no-no. Car payment defaults and mortgage defaults are like credit suicide.

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