Term: FCRA
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Why Does Negative Info Stay on Credit Reports for 7 Years?

By Steven Shaw on 10/7/2014

Why Does Negative Info Stay On Credit Reports for 7 Years?

Under the Fair Credit Reporting Act, most negative information can be reported on credit reports for seven years. Why seven? Why not five, or 10 or some other amount of time?

Fair Credit Reporting Act
FCRA
negative credit information