Do things automatically drop off of your credit report after a certain period of time?

Asked by Cjc, Wabash, IN Mon Oct 19, 2009

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, ,
Sun Apr 29, 2012
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm


The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
0 votes
We Buy Houses, , New York, NY
Thu Oct 7, 2010
Sometimes they don't, so you'd need to monitor your credit report, and dispute any discrepancies as needed. Please call (347) 746-8738 with any questions you might have! http://www.vrtmg.com/credit
Web Reference:  http://www.vrtmg.com/credit
0 votes
Camie67e, Home Buyer, Gonzales, LA
Fri Oct 23, 2009
Yes, (speaking from experience) some collections will drop off after 7 years, but sometimes you may have to dispute some things that has been on your credit report for 7 years or more, and yes, some collections are sold to other companies, but keep working on your credit report , because I was able to clean my credit from 11 collections down to two collections that were reporting to the credit agencies. It took me right at 4 months or 5 months of disputing.

Good Luck.
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