- Your credit score can affect everything from the interest rate on your loans to landing an apartment.
- Your credit score is based on the information found in your credit report.
- Knowing how long your activitiy remains on your credit report can help you better manage your credit score.
How long does information stay on my credit report?*
*Timeline is approximate and may vary depending on local legislation.
- Fraud alerts (90 days): Fraud alerts are free to set up and require businesses to verify your identity before issuing credit in your name.
- Promotional inquiries (1 year): Things like pre-approved credit card offers stay on file for one year but are not factored into your credit score.
- Soft inquiries (1-2 years): These are inquiries made for background check purposes, or by you. They do not affect your credit score.
- Credit counseling (2-3 years): This includes records of debts paid through a debt management program or credit counselor.
- Hard inquiries (6 years): Made by other lenders or businesses; many inquiries in a short amount of time can lower your score.
- Bad checks (6 years): Records of non-sufficient funds are kept for 6 years.
- Account closures (6 years): For accounts closed due to debt or fraud.
- Late payment history (7 years)
- Tax liens (7 years): This includes judgments (a court order that allows the creditor to use additional collection methods).
- Bankruptcy (7-10 years): Depends on location and the type of bankruptcy filed for.
- Good credit (10+ years): Accounts paid on time stick around for 10 years after their date of last activity.
- Bankruptcy again (14 years): If you declare bankruptcy more than once, it stays on record for longer.
Your credit report checklist
- Request your free credit report from each of the main credit bureaus.
- Review your personal information and make sure that it’s up-to-date.
- Read your credit report. If you need help, visit the credit bureau’s website for guidance.
- Report any unauthorized activity to the issuing credit bureau.
Sources: Federal Trade Commission, Experian, TransUnion, LearnVest Planning Services
We'll Lend A Helping Hand
For questions or information on how you can improve your credit score, call us at (850) 434-2211 and select option 2 to speak with a representative in our Loan Department or stop by a branch.
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