Payment Information on Credit Reports
Credit is your reputation for repaying debts on time.
Positive information stays on your credit report forever. Negative information stays on your credit report for 7 to 10 years from the original delinquency date. After 7 to 10 years, negative information is automatically deleted by the credit reporting agencies.
Type of Information and How Long it stays in your file.
Bankruptcy - 10 years
Late payments - 7 years
Accounts sent to collections - 7 years
Other Negative Information - 7 years
Lawsuits or Unpaid Judgments - 7 years or more
Information in response to a job application where the salary is over $75,000 - Indefinitely
Information reported because of a credit or life insurance application for over $150,000 - Indefinitely