Learning about inaccurate information on your credit report is never fun, particularly when a potential creditor learns about it before you do. Negative information is data in a consumer’s credit report that lowers their credit score or makes them look like a higher risk to lenders. If you’d like to know what’s in your Certegy report, you can request a free copy by calling 1-800-237-3826. Bankruptcy, known as the “credit score killer,” can knock 130 to 150 points off your credit score, according to FICO. You will not receive a reply. Will Getting a Student Loan Deferral Hurt My Credit Score? Some of this information may remain on your credit report for a longer or shorter period. A bankruptcy discharge is an order that releases a debtor from personal liability for certain types of debts. Investopedia uses cookies to provide you with a great user experience. However, a request that includes your full credit report does deduct a few points from your credit score. Monitor and gain insights into your credit profile with anytime access to Credit Alerts, Score & Report today. You can limit the damage from derogatory information even while it is still on your credit report. When it comes to the specifics of derogatory credit information, the law and time limits are more nuanced. It is therefore vitally important that consumers who have had judgments against them and have paid the outstanding judgment debt, check their credit reports to ensure that this negative information no longer remains on their credit record. While positive information can stay on your credit report forever, provided those accounts are still open. It is important to remember however that judgment debt is usually higher than the original amount owing. This stays on your credit report for seven years from the date of the first missed payment. Late payments (usually more than 30 days late), missed payments, and collections or accounts that have been turned over to a collection agency can remain on your credit report for seven years from the date of the delinquency. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. A charge-off is a debt that is deemed unlikely to be collected by the creditor but the debt is not necessarily forgiven or written off entirely. This is because it includes the original debt plus any other costs that may have accrued, including interest and legal charges. Right? In addition, it includes information which may, or may not be considered negative by a credit provider. Naturally, some information is more important than others. Different types of information can stay on your ChexSystems reports for different lengths of time. Below, you’ll find some of the most common bad credit situations. All Rights Reserved. Most negative information stays on your credit report for 7 years; a few items remain for 10 years.