How Long Do Collections Stay on Your Credit Report

When a company reports a collection in your credit report it takes 7 years for that collection to be removed from your credit report, now this means that this will show in your credit report as soon as you receive the collection and it will take 7 years after that.

In most cases it only takes 180 days before a company can file a collections report in your credit report, now people think that after 7 years you will not owe any money but that is not true, a company will try to collect the money for as long as they can, even if it does not appear in your credit report it does not mean that you do not owe any more money to the company.

If you want to know what companies have filed a collections report against you then visit FreeCreditReport.com and get your credit report and scores instantly. Also do not forget that Government Agencies like the IRS will stay longer in your credit report.