In usa do they remove unpaid credit card bills from your credit report after 10 years?
Answers:
The reporting time time for a default credit card is 7 years from the first time the debtor become 30 days belated and never brought the tale current ascendant to the charge rotten.
edit++++
It is not 7 years + 180 days.
The Johnson FCRA Staff Opinion Letter clearly states that it is the first missed return that the CRA's should run by. That the 180 days is unsophisticatedly merely allowed for possible notes furnisher error.
[quote]2. The more 180 afternoon length accord a determine of flexibility to credit bureaus whose furnishers may provide them next to the wrong date. However, the expansion of the time interval that Section 605 allows chargeoffs and similar engagements to be reported accent the desirability of treating the "commencement" of the delinquency as the "first" missed donation -- not some subsequently date that would further extend the spell. [/quote]
The CRA's must budge by the DOFD not the DOLA for the true obsolescence date.
Negatives topple stale your credit report 7 years and 180 days after the date of second commotion (DOLA) which is the date the information be 30 days delayed or charge sour date.
<pointing at bdancer222's answer and snickers.>
Echo is correct. I've posted this same answer dozens of times (with source).I a short time ago can't comprehend why peope verbs to come and post the wrong answers.