Collections Credit Report Years
Sep 25
2010
2010
is it true that after 7 years all your collections or lates fall off your credit report?
Yes.
The items will fall off after 7 years.
But, just so you know, just because it falls off the report, and the collectors are barred from trying to collect from you in the normal way, they can, and often do sue in court if the amount is large enough and they feel it would be in their best interest.
Some do this hoping that you will not show up in court, and lose the case.
If you do get sued, and the SOL has run out, you must show up in court and prove it or you might get socked with having to pay.
You will have to check your states statute of limitations.
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