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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Bankruptcy is an exception that may remain on your credit bureau report for up to 10 years. A Chapter 7 bankruptcy will remain for up to 10 years, while a Chapter 13 bankruptcy generally remains for seven years. Another possibility involves changing the payment due dates on your accounts.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

There is one exception—bankruptcy may remain on your credit bureau report for up to ten years. More precisely, a Chapter 7 bankruptcy will remain for up to ten years, while a Chapter 13 bankruptcy generally remains for seven years. This won’t change regardless of whether you pay the past due amount or not.

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Ways Credit History Can Impact Everyday Life

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Your credit report also contains information on overdue debt, foreclosures, bankruptcies, judgments, and liens. They also consider the car insurance you want, including deductibles and coverage amounts. Chapter 7 bankruptcies are among the exceptions. There are exceptions to this rule, however.