If I have a short sale on my record as an unpaid charge-off, how long will this remain on my credit report?

This short sale went on my report almost 4 years ago and they are apparently reporting each month on my report. It was reported as an unpaid/not paid in full charge off. How long can they pursure this and when will it go off of my report?

Asked on June 20, 2012 under Real Estate Law, Utah


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Different credit reporting agencies have different criteria and practices with respect how long an unpaid charge off remains in one's credit report. However, as a general rule, custom and practice in the credit reporting agency the "unpaid/not paid in full charge off" will remain on your credit history for seven (7) years.

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