ASC Premier Consultants

A lot of people think if you just wait your credit will repair itself overtime, unfortunately that is partially true ...

The longer you pay your bills on time after being late, and build positive credit, the more your FICO score should increase.

However the following negative information stays on your credit report for several years ....

▶️ Late Payment -7 years
▶️ Chapter 13 Bankruptcy- 7 years
▶️ Chapter 7 Bankruptcy- 10 years
▶️ Foreclosure- 7 years
▶️ Lawsuits and judgments- 7 years or longer

In general, recent negative information has more of an effect on your credit score than older information.