Public Record Information
The most typical of which, outside of bankruptcies, are taxation liens, or perhaps the failure to cover your federal, state, or taxes that are local.
Tax liens that you’ve got compensated show up on your credit file for seven years. Unpaid taxation liens can be here for a decade through the filing.
Another type of public information reported on the credit history are civil judgments for which you borrowed from a financial obligation stemming from a lawsuit. This financial obligation will show your credit report on for seven years, but businesses also update it whenever compensated in complete.
Apart from income tax liens and lawsuit judgments, bankruptcies are another reason that is court-related your credit file and history can be flagged.
There are many several types of bankruptcies that will influence the length of time this credit that is bad in your credit history.