We are often asked:
I heard that after 7 years a collection falls off your credit report. This is absolutely true-in theory; however in real life the collection may or may not report. According to the law a debtor can report a collection account for 7 years and then they can’t report this anymore. The clock can’t start re-ticking just because they sold the bad debt or that you paid or settled the debt.
We are experts in cleaning up your credit report. Need advice?
Contact us. We are here to help!