How Long Different Credit Flaws Stay on Your Report

Let’s take a look.

This post originally appeared onReady For Zero.

Check out this Experian article for much more information aboutbankruptcies and your credit report.

Foreclosures

Short sales and foreclosures will remain on your credit report for 7 years.

The tax lien should show up as “paid” during this time period.

Criminal convictions can stay on a credit report indefinitely.

If you’ve missed payments here and there, then you could actually be fine.

Late payments aren’t generally reported to the credit reporting agencies unless they are 30 days past due.

If that is the case, they will remain on your credit report for 7 years.

These bad marks will remain on your report for 2 years.

This means they automatically take these bad marks off of your report as allowed.

However, that does not mean they do not make a mistake.