31 Search Results
31 Search Results
https://www.sofi.com/learn/content/how-long-do-closed-credit-accounts-stay-on-your-credit-report/
You might think that if you close a loan or credit card account it will no longer affect your credit report, but they can actually stay on your credit report for up to 10 years. During this time period, these accounts can help or hurt your credit score, depending on a number of factors. Here’s […]
https://www.sofi.com/learn/content/how-long-does-a-bankruptcy-stay-on-your-credit-report/
Filing for bankruptcy is a major decision that can provide relief from overwhelming debt, but it also has long-lasting consequences, particularly when it comes to your credit. A bankruptcy will stay on your credit report for seven to 10 years, potentially making it harder to obtain new credit or loans, and sometimes even qualify for […]
https://www.sofi.com/learn/how-long-does-a-charge-off-stay-on-your-credit-report/
When you stop making payments on a loan or credit card, the creditor may eventually close the account and label it a charge-off, which can stay on your credit report for up to seven years. This can be extremely damaging to your credit report and doesn’t get you off the hook for repaying what you […]
https://www.sofi.com/learn/content/how-long-do-financial-records-remain-on-your-credit-report/
Credit reports contain financial records of debts you owe and ones you’ve paid off. Positive information can remain on your credit reports indefinitely. Most negative information falls off your credit after seven years, though certain types of bankruptcy filings can remain longer. Here’s a closer look at how financial records impact your credit reports. How […]
https://www.sofi.com/learn/content/what-is-a-credit-tradeline/
A tradeline is the term used by the three major credit reporting bureaus — Equifax®, Experian®, and TransUnion® — to describe any one of the accounts listed on your credit report. Each account has its own tradeline, and each tradeline contains information about the creditor, your account, and your debt. Tradelines make up a good […]
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