7/5/2008 12:00:00 AM
Statute of limitations is typically 7 years before the credit bureau is suppose to drop it from your report. However, there are exceptions such as bankruptcies which can be on your credit report for as long as 10 years and tax liens anywhere from 14 years to indefinitely. The “clock” or “countdown” to this is determined by the date of last activity on your credit report. There are more details to this and specifications so if you are having questions don’t hesitate to call Legacy and speak to a qualified credit consultant.
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