LawRefs Customized Legal Information
Attorney Renee C. Walsh

When Does Bad Credit Stop Showing Up On Your Credit Report

Under the Federal Fair Credit Reporting Act, 15 USC 1681c, accounts placed for collection or charged to profit and loss which antedate the report by more than seven years must be excluded from the report. There are exempted cases where the principal amount of the credit transaction is$150k or more, as well as a life insurance contract of that value and a credit report used in connection with the employment of an individual at an annual salary of $75k or more.


  1. Anonymous says:

    Dear Marie:

    Your friend’s credit rating should improve shortly after paying off the bill. Furthermore as leverage for paying off the bill, he can request that the creditor report positively on his credit report. In the meantime and in any event, your friend can provide an explanatory comment which must be added to the credit report if he so requests.

  2. My friend has a bill with a cell phone company that he has had for a little over a year, and he hasn’t paid it. If he pays it off, how long would it take him to gain his credit again. He plans on going with a different cell phone company. He also has an account with a credit union.

  3. Well, this is just the reason why the law is in place, to protect you from unscrupulous creditors. This is a violation of the law and you can sue the creditor.

    Under 15 USC 1692e, a debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt.

    Under 15 USC 1692k, any debt collector who fails to comply with any provision of this title with respect to any person is liable to such person in an amount equal to the sum of —

    (1) any actual damage sustained by such person as a result of such failure;

    (2) (A) in the case of any action by an individual, such additional damages as the court may allow, but not exceeding $1,000;

    (3) in the case of any successful action to enforce the foregoing liability, the costs of the action, together with a reasonable attorney’s fee as determined by the court.

    If you would like my assistance in representing you in this matter, please contact me at As you can see, the law provides for reasonable attorney fees to be paid by the creditor. If you would like to pursue the matter on your own and want fee advice as you go, please also do not hesitate to inquire.

  4. I’ve had a phone bill on my account for 11 years and the creditor just started it back up again, saying it’s from 2004, when it’s actually from 1996