5 negative items that can appear on your credit reports

If you’ve declared bankruptcy in the past, you probably won’t be surprised to see this on your credit report. What might surprise you is how long the bankruptcy will stay there.

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Typically, a charged off account will be sold to collections, which is the next negative item listed.

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If you do see an account in collections, it will appear on your credit report for seven years.

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Late payments

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It used to be the case that civil judgments and tax liens would show up on your credit report, and stay there for seven to 15 years.

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5 negative items that can appear on your credit reports

If you’ve declared bankruptcy in the past, you probably won’t be surprised to see this on your credit report. What might surprise you is how long the bankruptcy will stay there.

Typically, a charged off account will be sold to collections, which is the next negative item listed.

Charge off accounts

If you do see an account in collections, it will appear on your credit report for seven years.

Collection accounts

Late payments

You can find late payments on your credit report fairly easily. Just scroll through your accounts listed and look at the payments section for each.

It used to be the case that civil judgments and tax liens would show up on your credit report, and stay there for seven to 15 years.

Judgments & tax liens

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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