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.
Closed accounts that have been charged off can remain on your report for seven years plus 180 days from the start of the delinquency that led to the charge off. Closed accounts in collections can remain on your credit report for seven years plus 180 days from the date the account first became past due.