Quote:
Originally Posted by beach tribe
Is it true that bad credit marks disappear in 7 yrs??
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It depends on what you mean by "bad credit marks" and "disappear."
Bankruptcies are listed on your report for 7 - 13 years, depending on which chapter you file. After that, the notice is removed.
A missed payment won't actually "disappear" -- it will be listed as a red square amongst a bunch of green ones (or hopefully a bunch of green ones) in your payment history to the creditor in question.
But overall, yes, the records on your report usually only go back about 7 years or so. Your credit score, however, is cumulative and will reflect your entire credit history.
Hope that helps.
MM
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