How long does a negative item stay on my credit report?

Negative items, such as late payments, defaults, bankruptcies and other financial missteps, can remain on a credit report for up to seven years. However, some information, such as criminal convictions, can remain on the report indefinitely. In the state of California, credit repair law states that the collection accounts can remain for up to seven years, while Chapter 7 bankruptcy filings and judgments can remain for up to ten years. For the most part, any inaccurate information on your credit report can be disputed and corrected with the credit bureaus within 30 days. If the credit bureaus determine the information to be accurate, the negative item will remain on your credit report for the full seven-year period. However, you can reapply for credit after the seven-year period, as creditors may no longer be held liable for the negative information. In addition, consumers can request to have negative information removed from their credit report if it is more than seven years old. This process is known as credit repair and involves working with the credit bureaus to dispute and remove any inaccurate information. The credit bureaus are required to investigate any claim within 30 days. In conclusion, negative items can stay on a credit report for up to seven years in California due to credit repair laws. However, you may be able to have the information removed or corrected if it is inaccurate or more than seven years old.

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How long does a negative item stay on my credit report?

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