ANSWERS: 4
  • 7 years for late payments, etc, 10 years for bankruptcy.
  • As far as 'the credit system' goes, there are degrees of delinquency. The stage of delinquency determines the length of time a derogatory notation will remain on a consumer's credit bureau file. For credit reporting purposes, the basic stages of delinquency are: 1) 30-59 days past due, 2) 60-89 days past due, 3) 90-119 days past due, 4) 120 or more days past due and 5) charged off to bad debt. Once a debt is charged off to bad debt, this derogatory notation will remain for up to 7 years from the beginning of the delinquency that lead to the charge off. A delinquent account that has not been charged off, and is then brought current, will most likely not have a blemish noted for 7 years. That blemish might be removed in about 2 years after the account is brought current. If your paid out credit cards were paid off while they were in a delinquent state, it will be noted on your credit bureau file that your account was paid out unsatisfactorily. This blemish will remain for 7 years from the date the account was paid in full. At this point, there is nothing you can do to have this derogatory notation removed before 7 years have elapsed. If your current open accounts were/are delinquent but have not been charged off, continue to pay at least the minimum payment each month until you are current again. Depending on how far past due you were/are and how soon you bring your account current will determine how soon before the derogatory notation will be permanently removed from your credit bureau file and you have perfect credit again. There is no secret or magic formula to accomplish this goal. The basic criteria is make regular full payments and pay on time.
  • how long due late payment on my credit 60 to 90 days this happen over 5 years ago. The account was paid in full within 2 years
  • We have a medical bill and they sent to collection agency we want to pay that bill but we don't have any phone number or address if you need some of my information I will give you and I need collection agency?

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