Consumer reporting agencies cannot report outdated adverse data. Generally, a consumer reporting agency cannot report negative data that is more than seven years old, or bankruptcies which are greater than 10 years old. The date that establishes when this time period begins is 30 days beyond the date of last activity. The date of last activity would be the last date you made a payment. And the time period begins a month and a day beyond that time. So let's say in June 2015, you made your last payment.

The date of last activity would be June 2015. And the timeframe starts 30 days later, or July 2015. depending upon where you live. The date of last activity affects the statute of limitations. Again, more on that later. The seven years the negative item stays on your credit report is directed We connected to the date of your last activity.