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When Does Old Debt Fall Off Your Credit Report

Written by Jasir Jawaid

If you fail to make a debt payment for 30 days or leave it unpaid, you can expect this to remain a dark spot on your credit report for seven to 10 years from the first missed payment date. The specific number of years before a debt falls off your credit report depends on the type of debt. But the longer it remains on your report, the less influence it has on your credit score until eventually it is removed. Still, as long as old debt is on your report, it can affect the interest rates you're charged on a loan.


This article was published on JoyWallet and can be read here in full.


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