Bad credit is defined as a credit history that includes negative remarks, such as late payments or charge-off accounts, which are damaging to your credit score. There is no standard time frame for how long it can take to repair past credit mistakes and increase your score into the “good credit” range, which means a credit score of 720 or better.

It can depend on a number of factors, including the type of negative information on your credit report. How many negative or derogatory marks are on your credit report. The age of negative information where your credit rating was before your score dropped your credit rebuilding process may hinge on the severity of the negative history dragging down your score. For example, a charge-off, foreclosure, bankruptcy, or court judgment may be more difficult to recover from than one late payment.

Here’s how long negative information stays on your credit report.

*Each late payment*: Up to 7 years
*Charge-off*: Up to 7 years
*Bills sent to collection agencies*: Up to 7 years
*Settled accounts*: Up to 7 years
*Closed accounts*: Up to 10 years
*Foreclosure*: Up to 7 Years
*Chapter 7 bankruptcy filings*: Up to 10 Years
*Hard inquiries for new credit*: Up to 2 years

Credit Services of America has helped thousands of clients remove items such as these and help them restore their credit and the ability to get financed on homes, autos and credit cards.

A Goal without a Plan is just a Wish. Give us a call TODAY at 844-FIX-URCR or click on the following link to schedule your FREE consultation and create your personalize plan to achieve your credit and debt GOALS!

*Individual results may vary. Please call for more details and to discuss your own individual situation.