How Long Does Unpaid Debt Stay on Credit Report?

How Long Does Unpaid Debt Stay on Credit Report?

How Long Does Unpaid Debt Stay on Credit Report?

Unpaid debts can stay on a credit report for up to seven years after the account becomes delinquent, according to myFiCO. Late payments, foreclosures, completed Chapter 13 bankruptcies and collections may all stay on a credit report for up to seven years.

Chapter 7 bankruptcies may stay on a credit report for up to 10 years, reports myFICO. About.com notes that under the Fair Credit Reporting Act, a charge-off from an unpaid debt, such as a credit card, may remain on a credit report for seven years plus 180 days from the date of charge-off. The same article reports that even if the reporting time for an old debt has lapsed, a creditor may still legally attempt to collect the funds if the debt remains unpaid.