3 Things to Know About Collections in a Credit Report

A credit report offers the history of all accounts and their respective payments.

Here are things to know about collections in a credit report, according to Experian.

  • Negative information, such as collections, stays on a credit report for seven years and is based on the original delinquency date of the original debt.
  • The day of the first missed payment can also be the starting point for the seven years a collection can stay on a credit report.
  • Collection accounts and the accounts of the original creditors may appear on a credit report at the same time. If both appear on the credit report, they will be deleted at the same time.

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