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.

Medium Brush Stroke

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.

Medium Brush Stroke

Judgments & tax liens


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.