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kteves11

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7-year delinquency question
When a delinquent account hits the 7-year mark, is it automatically removed from your credit report? Does your score go up immediately? Is there a paperwork process that I need to initiate?

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Depends what type of account the delinquency is, and if the lender continues to report it. Some can stay on 10 years. Provide more details if you'd like more detailed advice.

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There is nothing that you have to do, it will be removed. Do some reading on "Early Exclusion" you may be able to get it removed a little early. As soon as it is removed your score will increase, but not by much, in general old debts don't cause a huge score depression. It also depends on the rest of your credit profile. If it is the only negative thing on your reports, then the increase will be more than if other negatives are left. You'll just have to wait and see. I wish you luck for the best score increase possible.

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UNLESS the account is student loans, taxes, child support or some of the other government directed debts and thos do not fall off, but remain payable until the debt is paid, no matter how long it takes.

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Varies when it drops off report

Some credit reporting agencies may drop it sooner than 7 years but you cannot demand for it to be dropped sooner.  No, there is nothing you need to do to have it drop off your report.  But sometimes a credit reporting agency may keep it on your report LONGER than seven years.  That is when you need to contact the credit reporting agency and ask them to remove it because IT IS more than seven years.  Sometimes it takes a month or two after the 7 years for it to actually drop because the credit reporting cycle.  It may disappear from one credit reporting agency one month and hang around a month or two on another credit reporting agency.  If it stays MORE THAN TWO MONTHS beyond seven years, it is time to contact the credit reporting agency.

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