This page was last updated: Mar-28 23:10. Number of bids and bid amounts may be slightly out of date. See each listing for international shipping options and costs.
Accounts with delinquent payments stick around on your credit report for up to seven years. Exceptions are bankruptcies and unpaid tax liens, which can stay on your credit report for up to 10 and seven years, respectively. Timing Is Everything. The seven-year clock starts ticking on the date the balance due became delinquent.
According to the credit reporting agency Experian, this is how it works: The debt starts as a current, never late account. As you get behind on the payments, it is typically reported as being 30, 60, 90, and then 120 days late. At that point the creditor is likely to charge off the debt. Its status will be changed to âcharged offâ and âsold to collections.â âCharged offâ and âsold to collectionsâ are both considered a final status. Although the account is no longer active, it stays on your credit report.