The time limits for various items are listed below. These time limits are based on federal law, since state laws may vary.
• Accounts– This depends on if there is adverse information on the account. If there is adverse information on the account, it may remain on your credit report for up to seven years. If there is no adverse information on your account, it normally remains on your credit report for up to ten years following the last activity on the account. Adverse information is anything that a lender might consider negative when making their decision.
• Bankruptcies– In general, bankruptcy and dismissed bankruptcy actions will be on file for up to ten years. This may vary depending on the type of bankruptcy. It is important to note that the accounts included in a bankruptcy, no matter the type, remain on file for up to seven years from closing or last activity.
• Inquiries– It is TransUnion’s policy to keep a record of all inquiries for two years.
• Garnishments– In general, garnishments remain on file for up to seven years from the date the garnishment was filed.
• Delinquencies– Delinquencies are considered adverse information, which means they will remain on the account for up to seven years from the date of the first delinquency.