When it comes to managing your credit health, one of the most common questions is: “How long does information stay on my credit report?”

The answer varies depending on the type of information, whether it is deemed “positive” or “negative,” and the specific circumstances surrounding each entry. Generally, negative information lingers on your credit report longer, significantly impacting your credit score and overall financial health.

Here’s a comprehensive breakdown to help you understand the nuances of credit report timelines.


Negative Information: How Long Does It Stay On Your Credit Report?

Negative information, such as late or missed payments, accounts sent to collection agencies, accounts not paid as agreed, and bankruptcies, typically remain on your credit report for about seven years.

Here’s a more in-depth look into how long different types of negative information stay on your Equifax credit report:

Late Payments

These stay on your credit report for up to seven years from the original delinquency date. Even if you pay the past-due balance, the late payment will remain. For example, a late payment in April 2011 would be removed by April 2018.

Collection or Charged-Off Accounts

If a late payment is not addressed, the account could be charged off by the original lender and assigned to a collection agency. The entire collection account is removed seven years from the date of the first missed payment that led to the collection or charge-off status. Paying the collection account before the seven-year period ends can lessen its impact but won’t remove it from your report.


Public records of bankruptcy can remain on your Equifax credit report for seven to ten years, depending on the type. This extended duration underscores the severe impact of bankruptcy on your credit health.

Other Negative Accounts

Repossessions, foreclosures, short sales, or deeds in lieu of foreclosure can stay on your report for up to seven years from the first missed payment date that led to the negative status.


Positive Information: How Long Does It Stay On My Credit Report?

On the flip side, positive information can enhance your credit report and remain longer, contributing positively to your credit score:

Active Accounts Paid as Agreed

These accounts remain on your credit report as long as they are open and reported by the lender.

Closed Accounts Paid as Agreed

If the lender reports the last status of the account as paid as agreed, it can stay on your credit report for up to ten years from the date it was reported.

Hard Inquiries

When a potential lender, creditor, or service provider requests a copy of your credit report, it results in a hard inquiry. These can stay on your report for up to two years.

Maintaining and Monitoring Your Credit Report

Regularly checking your credit report is crucial to ensure accuracy and completeness. It also helps confirm that any negative information is removed after the appropriate time period. You are entitled to a free copy of your credit reports every 12 months from each of the three nationwide credit bureaus by visiting the Annual Credit Report. Additionally, you can create a myEquifax account, and access six free Equifax credit reports each year.

Understanding the longevity of information on your credit report empowers you to take informed steps towards maintaining and improving your credit health.

Regular checks and proactive management can help you navigate the complexities of credit reporting and ensure a robust financial future.

Want to discuss your credit report and how it could affect your mortgage options?  Chat with one of our expert advisors.

Share this story

More news

insurance for mortgage protection

Success Story: Turning a Down Valuation Around

At Your Mortgage Shop, we recently had the opportunity to assist a customer who faced a significant down valuation on a property they were e
life insurance for mortgage

5 Red Flags You Shouldn’t Ignore On Your Credit Report

A blemished credit report can hinder your chances of securing the best mortgage rates or even obtaining a mortgage at all.
common mistakes first time home buyers make

3 Red Flags to Watch Out for if You’re Looking for a Mortgage

3 Ways to Stop Procrastinating and Start Saving for Your First Home

Here are three actionable strategies to help you stop procrastinating and start saving for your first home
critical illness cover for mortgage

The Essential Guide to Understanding Benefits as Additional Income for Mortgage Applications

mortgage broker nottingham

How to Get a Mortgage on Low Income or Benefits

The Pros and Cons of an Interest Only Mortgage

3 Essential Insights First-Time Home Buyers Wish They Knew Sooner

At Your Mortgage Shop, we’ve put together  invaluable advice from seasoned first-time homebuyers to help you make informed decisions
when is the best time to get a mortgage

Green Mortgages: Financing Your Eco-Friendly Home Dreams

shine a light on an innovative financial solution that aligns with the values of sustainability and conservation: green mortgages
adverse credit mortgage advisors

How Debt Can Affect Your Mortgage Application: Insights from Your Mortgage Shop

This insight aims to demystify the process, shedding light on how debt can affect your mortgage application
first time buyer mortgage advisor, moving house

The Emotional Rollercoaster of Moving House: A Surprising Insight into the British Homeowner’s Journey

Moving house is often considered one of life’s most significant milestones, filled with both excitement and anxiety.
first time buyer mortgage advisor

Dealing with your mortgage during a separation