How Long Does Information Stay on my Equifax Credit Report | Equifax (2024)

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Highlights:

  • Most negative information generally stays on credit reports for 7 years
  • Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type
  • Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years

When it comes to credit reports, one of the most frequently asked questions is: How long does information stay on my Equifax credit report? The answer is that it depends on the type of information and whether it’s considered “positive” or “negative.”

Generally speaking, negative information such as late or missed payments, accounts that have been sent to collection agencies, accounts not being paid as agreed, or bankruptcies stays on credit reports for approximately seven years. Here is a breakdown of some the different types of “negative” information and how long you can expect the information to be on your Equifax credit report:

  • Late payments remain on a credit report for up to seven yearsfrom the original delinquency date -- the date of the missed payment.The late payment remains on your Equifax credit report even if you pay the past-due balance. For instance, if you had alate payment in April 2011, the late payment would come off your Equifax credit report April 2018, seven years after the date of the missed payment.
  • Collection or charged-off accounts: If you have a late payment and don’t pay the past-due balance, the account could eventually be charged off by the original lender andassigned to a collectionagency. If that happens, the entire collection account would be removed seven years from the date of your first missed payment that led to the collection or charge-off status.If you pay the collection account before the seven-year period is up, it can remain on your Equifax credit report, but the account may have less of an impact on your Equifax credit score.
  • Bankruptcy public recordsstay on your Equifax credit report from seven to 10 years, depending on the type of bankruptcy.
  • Other negative accounts,such as repossessions, can also stay on your report for up to sevenyears from the date of the first missed payment that led to the negative status. Negative accounts can also include foreclosures, and short sales or a deed in lieu of a foreclosure if reported in a negative status.

Here are some examples of "positive" information and how long it stays on your Equifax credit report :

  • Active accounts paid as agreed. Active credit accounts that are paid as agreed remain on your Equifax credit report as long as the account is open and the lender is reporting it.
  • Closed accounts paid as agreed. If the last status of the account is reported by the lender as paid as agreed, the account can stay on your Equifax credit report for up to 10 years from the date it was reported by the lender to Equifax.

Lastly, hard inquiries result when a potential lender, creditor or service provider requests a copy of your Equifax credit report in response to a request for credit or certain services. These can remain on your Equifax credit report for up to two years.

Regularly checking your Equifax credit report is an important step to ensure your information is accurate and complete, and confirm that any negative information falls off after the appropriate time period. You’re entitled to a free copy of your credit reports every 12 months from each of the three nationwide credit bureaus by visiting www.annualcreditreport.com. You can also create a myEquifax accountto get six free Equifax credit reports each year. In addition, you can click “Get my free credit score” on your myEquifax dashboard to enroll in Equifax Core Credit™ for a free monthly Equifax credit report and a free monthly VantageScore® 3.0 credit score, based on Equifax data. A VantageScore is one of many types of credit scores.

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FAQs

How Long Does Information Stay on my Equifax Credit Report | Equifax? ›

Closed accounts reported by the lender as paid as agreed can stay on your Equifax credit report for up to 10 years from the date it was reported by the lender to Equifax. Accounts not paid as agreed can remain on your Equifax credit report for up to 7 years.

How long does Equifax keep records? ›

Most types of negative information generally remain on your Equifax credit report for 6 years. Closed accounts that were paid as agreed remain on your Equifax credit report for up to 10 years after they were reported as “closed” by the lender. Hard inquiries may remain on your Equifax credit report for 3 years.

How long does credit stay on Equifax? ›

Highlights: Most negative information generally stays on credit reports for 7 years. Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type. Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years.

Can I remove my information from Equifax? ›

You can ask Equifax to delete your personal information. Right to Correct: You can ask Equifax to correct any inaccurate personal information.

What information can stay in your credit report forever? ›

​​Accurate positive information can remain on your credit report forever but commonly is removed after seven years. Accurate negative information can remain on your credit report for only seven years, with a couple of exceptions. A bankruptcy can remain on your credit report for 10 years.

Is it true that after 7 years your credit is clear? ›

Most negative items should automatically fall off your credit reports seven years from the date of your first missed payment, at which point your credit score may start rising. But if you are otherwise using credit responsibly, your score may rebound to its starting point within three months to six years.

How do I remove old addresses from my Equifax credit report? ›

Here's how:
  1. Contact the credit reporting agency. There are three main credit bureaus: Experian, Equifax, and Transunion. ...
  2. Contact creditors associated with the old address. ...
  3. File a dispute. ...
  4. Follow up on your dispute. ...
  5. Monitor your credit report to ensure the removal of old addresses.
Mar 20, 2024

What is the 609 loophole? ›

Fortunately, the Fair Credit Reporting Act protects consumers. Specifically, section 609 of the FCRA gives you the authority to request detailed information about items on your credit report. If the credit reporting agencies can't substantiate a claim on your credit report, they must remove it or correct it.

What stays on credit report the longest? ›

In this article:
How Long Information Stays on Your Credit Reports
Type of InformationTimeframe
Chapter 7 bankruptcy10 years from the filing date
Chapter 13 bankruptcy7 years from the filing date
Collection accounts7 years from the original delinquency
5 more rows
Sep 11, 2023

What shows up on Equifax credit report? ›

Credit account information: This information is reported to Equifax by your creditors and includes the types of accounts (for example, a credit card, mortgage, student loan or vehicle loan), the date those accounts were opened, your credit limit or loan amount, account balances and your payment history.

What Cannot be removed from your credit report? ›

In general, accurate information cannot be removed from a credit report. Once paid, the status of the account should be updated automatically to show that it is paid in full. Negative account information, such as late payments and charge offs, remain on the report for 7 years from the original delinquency date.

How do I remove a hard inquiry from Equifax? ›

Submit your dispute

So, submitting your credit dispute online or in writing is the best approach. Dispute hard inquiry errors by phone: Equifax: 886-349-5191. Experian: 888-397-3742.

Why does Equifax not have my information? ›

Why aren't all my accounts listed on my Equifax credit report? There are a couple of reasons why some accounts may not be listed on your Equifax credit report: Not all lenders and creditors report to all three nationwide credit bureaus. Some report to only two, one or none at all.

Is it true that after 5 years your credit is clear? ›

Only negative information disappears from your credit report after seven years. Open positive accounts will stay on your credit report indefinitely. Accounts closed in good standing will stay on your credit report based on the credit bureaus' policy.

Does your credit history clear after 5 years? ›

In the case of serious credit infringements, if the debt is paid it will be removed from your credit report if it is more than 5 years since it was listed or it will revert back to a default and be held for a maximum of 5 years from the date it was listed.

Does your credit file clear after 6 years? ›

An account in default will show for 6 years from the date it defaulted, after which it will no longer appear on your credit report.

What stays on your credit report for 10 years? ›

Information about a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. Bankruptcies can stay on your report for up to ten years.

How far back can I see my credit score history? ›

For that particular purpose, your Credit Report might not have been that useful as the information doesn't go back further than six years, so you simply won't see records of credit agreements that ended before that. That said, the amount of information your Credit Report contains is still considerable.

How long do credit companies keep records? ›

Evidence of compliance with repayment ability provisions.

A creditor must retain evidence of compliance with § 1026.43 for three years after the date of consummation of a consumer credit transaction covered by that section.

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