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hjbum66

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How long does a derogatory items that we how long does a derogatory item stay on your credit report

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Excluding Chapter 7 bankrupty, most all derogatory items would remain on your credit report for 7 years.   There are some items (Auto/Morgage) references which remain for reference after the 7 years, although they are not included in the computation of your actual credit score.   They are reference for lenders, IE an auto loan firm can review your past auto loan history as a means to determine how likely you are to pay your loan on time.   This can be impact their overall decision.   If it has been longer then 7 years and 30 days from the reported close/paid date, you can request that it be removed.

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Negative Auto or Mortgage loans DO NOT remain on your reports after seven years. Not sure where you got that information. Also, regarding negative accounts, you can ask for "early exclusion" a little prior of the seven year mark.

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