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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

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How long do collections and other derogatory marks stay on your business credit reports ? While the Fair Credit Reporting Act only allows consumer credit reporting agencies to show negative information like lawsuits, judgments, charge-offs, and collection actions for seven years, the law doesn’t apply to business debts.

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How To Rebuild Credit After a Financial Crisis

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When you understand the components of your credit score , you can find out what’s been bringing it down. With this review, you can also monitor and confirm whether your bankruptcy has been removed from your report as soon as possible. In the US, it’s after ten years under a Chapter 7 and seven years after a Chapter 13 bankruptcy.