Covering Business Credit

Credit Questions and Answers
Business Credit and Collections
Commercial Credit Management

Return to Q and A 2003Home

spacer
 
Doctor Credit

Credit Facts

Credit grantors with whom you have established credit relationships with in the past and present supply payment histories on your credit file report. These payment histories include both open/closed accounts. Payment in full doesn’t remove your payment history from your credit file report. The following are some dates to remember when reviewing your payment history in your credit file.

  • Credit accts-Accts. Pd. as agreed remains up to 10 years from DLA.
  • Accts pd. not as agreed remains up to seven years from DLA.
  • Collection accts-remain 7 years from DLA
  • Courthouse Records- remains for 7 years from date filed unless renewed.
  • Bankruptcy- Remain for 10 years
  • Unpaid tax liens remain indefinitely.
  • Paid tax liens remain for 7 years from date released.
  • Some states have specific laws that may regulate the time of a negative payment history in your credit file report.
    (DLA-Date of last activity is when the time is started in the above accts.)
 
spacer spacer

 


 

Web

www.coveringcredit.com