You can report a valid account to a person’s credit for a period of seven years from the last payment you received or the last date of service. For instance, if you sold a good or service in 2005, but received a payment from your customer in 2012 you can adjust the date of occurrence, or date open to reflect the 2012 date. The account will then remain active until 2019.
How long does something stay on someone’s credit report?
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