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Question By
ARTFAIRS

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Why does my credit score keep getting lower every month for the SAME past due account? Thanks.

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if you haven't paid it that is one reason....if you have paid it then it will drop off in 10 years

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7 years

For most accounts. Liens, bankruptcy and forclosures will show for 10 years. 

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If this is an open account, then every month you don't pay adds a new late payment to your account.  The newer the late payment, the more it hurts.  Also, if it is an open account and late payments have progressed from 30 days to 60 days etc, that will cause to drop more.  The longer the late period the more damage it does.  90 days late is worse than 30 days late.  

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