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

FAQs

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

Remain on your Equifax credit report for up to 7 years from the original delinquency date – the date of the missed payment. The late payment remains even if you pay the past-due balance. Remain on your Equifax credit report for up to 7 years from the date of the first missed payment.

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.

How long does a defaulted or settled account stay in my report? Once an account has been settled or defaults it will remain on your report for six years from the date the debt was settled, written off or defaulted, whichever happened first. Live accounts will remain on your Equifax Credit Report indefinitely.

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

Hard inquiries serve as a timeline of when you have applied for new credit and may stay on your credit report for two years, although they typically only affect your credit scores for one year. Depending on your unique credit history, hard inquiries could indicate different things to different lenders.

​​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.

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.

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.

Can Lenders See Defaults Even After 6 Years? No, that's so long as the default has been removed. Lenders can only see what's been reported on your credit report in the last 6 years.

No, you cannot remove accurate information from your credit report. The bureaus are required to include all accurate information. While it's unlikely, you can ask the creditor to remove the negative item from your report. There are two main ways to dispute accurate information.

How do I remove something from my Equifax credit report? ›

If you see information on your Equifax credit report that you believe is inaccurate or incomplete, simply file a dispute, and we'll look into it right away. Once you've submitted a dispute, we'll investigate and return your results. If we do find that information on your credit report needs to be updated, don't worry.

If you want to remove an address you've previously lived at from your credit report please click "Do you still have questions" below and provide us with the details of the address you wish to remove. We'll also need you to provide your credit report reference number so we can locate the correct information.

An R7 rating indicates that you are making regular payments through a consumer proposal with your creditors. The R7 rating is a specific code used by credit bureaus to indicate that you have entered into a consumer proposal.

The easiest way is to file a dispute directly with the creditor. If the creditor cooperates, the inquiry may be removed after sending a single dispute letter.

It is theoretically possible to get a 700 credit score with a collection account on your credit report. However, it is not common with traditional scoring models. A derogatory mark like a collection account on your credit report can make it incredibly difficult to obtain a good credit score like 700 or over.

Getting old credit reports

Because of the way data is updated, there are no 'old versions' of your Credit Report being stored anywhere - it's not as simple as calling up and asking for a copy of your Credit Report from August 1993.

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.

Although the unpaid debt will go on your credit report and have a negative impact on your score, the good news is that it won't last forever. After seven years, unpaid credit card debt falls off your credit report. The debt doesn't vanish completely, but it'll no longer impact your credit score.

Bankruptcies: 7 years for completed Chapter 13 bankruptcies and 10 years for Chapter 7 bankruptcies. Foreclosures: 7 years. Collections: Generally, about 7 years, depending on the age of the debt being collected. Public Record: 7 years.