In many instances, listings in your credit file will stay for between two to seven years. As helpful information, your payment history is maintained for just two years.

In many instances, listings in your credit file will stay for between two to seven years. As helpful information, your payment history is maintained for just two years.

Then lenders will likely be satisfied that you are not a default risk and will often be willing to offer you a bad credit loan if you’ve got a good credit score and have a history of making repayments on-time. A series of missed repayments or defaulted loans in your past may make it difficult to access the credit you require on the other hand.

Am I able to eliminate bad credit listings from my credit file?

More often than not, listings in your credit history shall stay for between two to seven years. As helpful information, your payment history is maintained for just two years. Having said that, overdue records and credit that is new, may stay for approximately five years. Major credit problems ( e.g. court judgements) can up remain for to seven years.

Having said that, if you’re monitoring your credit report and find out an wrong listing, then it is feasible to have it eliminated.