Collections will stay on your credit report for 7 years from the Date Of First Delinquency (DOFD). In layman's terms, this is the date of the first missed payment at which the account was never paid again. Once this period ends, they���re removed permanently.
So to recap:
- Collection accounts will stay on your report for 7 years
- The 7 years begins on the date of the first missed payment at which the account was ���let go���
- The account will automatically be deleted at the end of the 7 year period
- Once the account is removed due to being on your report for 7 years, it���s permanent
Get Your Collections Removed Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (800-807-4388) or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.