A credit bureau can only just keep information regarding belated payments on your own credit file for a particular time period.
The exact time differs by:
- The sort of information
- The territory or province you live in
- The credit bureau that developed the report
A credit bureau may keep information that is positive like payments made on time, in your credit file for extended. Positive information shall help your credit rating.
Generally speaking, negative information stays on your own credit file for 6 years. Nevertheless, particular information may remain for an extended or faster time period. Negative information can harm your credit history.
Negative information range from:
- Missed payments on a financial obligation
- Bounced cheques
- Records that have been provided for collections
A judgment is just a financial obligation your debt through the courts because of a lawsuit. For instance, then the debt may show up on your credit report if somebody sues you and you lose.
Frequently this given information remains on your own credit history for 6 years.