This blog provides great information for those of us planning a major purchase in the next 6 months, whether it be for a home or new car.
Mary Jo Schaffer www.sweetheartrealty.com 830-796-7448
Via
Dwayne Calk :
Credit Accounts:
Accounts paid as agreed remain for up to 10 years.
Accounts not paid as agreed remain for 7 years.
Collection Accounts:
Remain for 7 years.
The time periods listed above are measured from the date in your credit file shown in the "date of last activity" field accompanying the particular credit or collection account.
Courthouse Records:
Remain for 7 years from the date filed except:
Bankruptcy - Chapters 7 and 11: remain 10 years from date filed.
Bankruptcy - Chapter 13 non-dismissed or non-discharged remains 10 years from the date filed.
Unpaid tax liens remain indefinitely.
Paid tax liens remain for up to 7 years from the date released.
New York State Residents Only: Satisfied judgments remain 5 years from the date filed; paid collections remain 5 years from the date of last activity.
California State Residents Only: All tax liens remain 7 years from the date filed.
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