How long does a debt remain on my credit report?

In Kansas, the amount of time a debt will remain on a consumer’s credit report is determined by the Fair Credit Reporting Act. This federal law states that most types of negative information, including unpaid debts, will remain on a credit report for seven years from the date the debt first became delinquent. This means that if it has been seven years or more since the consumer first stopped making payments on a debt, it should no longer appear on the credit report. It is important to note, however, that even after seven years, some types of negative information, including unpaid tax liens and judgments, can remain on a credit report for up to 10 years. Additionally, some creditors may choose to report the same debt multiple times, which could lead to a longer reporting window. Consumer debt defense laws in Kansas are designed to protect consumers from false and erroneous reporting of debts. It is important to remember that any false or incorrect information can be disputed with the credit reporting agency. Consumers are also advised to contact their creditors if they believe the debt was reported incorrectly. This may lead to resolution, which could help to improve the consumer’s credit score.

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