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Does a account in collection go off your credit report in seven 7 years
Does account in collection go off your credit report in 5 or 7 years?

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Depends

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Most collection accounts will stay on your report if the balance is worth the collector's efforts in reporting it. Another words, a collection account can stay on your report indefinately. However, if the staute of limitations (depending on your state) have expired they can no longer sue you. Bottom line is, you will always owe them if you havent paid, settled or resolved the balance in question, regardless if it remains on your credit report or not. The question is, how important is it to you that it remains on your credit report opposed to resolving it?

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This is INCORRECT. Most negative accounts can only be reported for 7 years plus 180 days to the credit bureaus. That is the LAW. In general though, the credit bureaus remove in 7 years or even slightly prior with "early exclusion".

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dw1650

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Yes 7 years plus 180 days is correct. I was not clear explaining that the key is from the last activity and if not monitored the credit bureaus are not exactly forthcoming in removing them!

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