Archive for January 30th, 2008

how long do durogatory items stay on credit reports?

Consumer Credit Reports
locotrentrece asked:


how long do the following items stay on credit reports in terms of years?

1. late payments
2. sent to collections
3. closed accounts by CONSUMER

Also, how much do each of the above contributing factors lower a credit score in terms of points?

Assuming you begin to have a “perfect line of repayment” How long does it take for a credit score to come back to a higher level? months? years?

EDMUND