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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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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Most negative information such as late credit card payments, collection agency activity, and other missed payments toward debts remain on your credit report for seven years. Bankruptcy is an exception that may remain on your credit bureau report for up to 10 years.

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26 Ways to Simplify Your Financial Life – While Saving Astronomical Amounts of Money

Due

By going paperless with your bills , you can reduce clutter around the house — and even save some trees All the companies that you do business with make it easy for you to opt for electronic billing. This includes banks, credit card companies, cable TV providers, cellphone companies, and insurance companies.

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The Ultimate Guide to Managing Small Business Finances

Fundera

Also called total revenue, your gross revenue is the sum of all funds you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures.

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The Ultimate Guide to Managing Small Business Finances

Fundera

Also called total revenue, your gross revenue is the sum of all monies you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures.

article thumbnail

The Ultimate Guide to Managing Small Business Finances

Fundera

Also called total revenue, your gross revenue is the sum of all monies you’ve received from customers in exchange for your product or service, before taking any deductions or expenses (such as rent, cost of goods sold , taxes, etc.). Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures.