Is it possible that a negative item will stay on report even after 7 years?

Hi Flyodd! Yes, it's possible for a negative item to stay on your credit report even after 7 years! So, in that case, you can dispute the debt and remove it from your credit report. If you need any debt help, feel free to call 800-DEBT-913 ASAP!!

Chapter 7 bankruptcy stays on credit report for 10 years.
If any other item negative item stays on report for more than 7 years (that should be removed), dispute it with the credit bureau.

You can also dispute the account status with your creditors. There is one instance when a negative listing can stay longer than 7 years, and that is when the SOL clock restarted. Otherwise, negative accounts can't stay beyond 7 years in your credit report.

David Martin, you stated, “ There is one instance when a negative listing can stay longer than 7 years, and that is when the SOL clock restarted.“

What do you mean?

Hello Flyodd!

Yes! In some cases, the negative report on the Credit Bureau stays for more than 7 years.

If a collector keeps a debt on your credit report past the seven and a half years, you can dispute the debt and make it removed.

In reference to my last reply, “Once an account is charged off, the date of first delinquency cannot legally be changed” is my personal comment.

A negative account remains on one’s credit report for 7 to 7.5 years after the “date of first delinquency.” That is the date the account went into default and was never brought back to a current status. This is from the Fair Credit Reporting Act.

15 U.S. Code 1681c(c)

(c) Running of reporting period

(1) In general

The 7-year period referred to in paragraphs (4) and (6) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.

Once an account is charged off, the date of first delinquency cannot legally be changed.