Greenwood is an important lake in the Skylands region. Historically known as a resort community and playground for celebrities â Cecil B. deMille, Babe Ruth, the Jeter family, and others in sports and the arts â Greenwood Lake still offers adventure, fun, and relaxation for families and singles.
1 The credit report drop-off time is seven years plus 180 days or six months from date of the delinquency, not from the date of the charge-off.  All civil suits and some criminal arrests, as long as the statute of limitations is not longer than seven years.
Potential creditors, and anyone else who looks at your credit report, can see the debt and the fact that it was never paid. It takes seven years (five years for New York state residents) from on the original delinquency date on the account before the debt drops off your report.