When Does Bad Credit Stop Showing Up On Your Credit Report

Under the Federal Fair Credit Reporting Act, 15 USC 1681c, accounts placed for collection or charged to profit and loss which antedate the report by more than seven years must be excluded from the report. There are exempted cases where the principal amount of the credit transaction is$150k or more, as well as a life insurance contract of that value and a credit report used in connection with the employment of an individual at an annual salary of $75k or more.

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