Negative Information On Credit Report

Negative information can be removed if it can no longer be verified by the parties involved. Most negative items are automatically removed after seven years from the original delinquency date. Here are the exceptions:

• Bankruptcies are on your report 10 years.
• Lawsuits or an unpaid judgments against you can be reported more than 7 years if the statute of limitations is longer.

There is no time limit for:

• Information about criminal convictions.
• Information in response to a job application where the salary is over $75,000.
• Information reported because of a credit or life insurance application for over $150,000.

A credit bureau keeps track of all your credit information. When you begin your trip down the credit repair road make sure to get a credit report so that you can verify your most recent debt.