Can two companies report the same debt twice on your credit report?
How do I remove negative public records from my credit report?
How does your credit effect your employment?
What do you write on a formal letter to a credit report to have medical bills that have been paid removed from the report?
What does closed account mean in a credit report?
What happens to your credit reporting after you get a divorce?
Will bankruptcy remove a judgment from your credit?
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Question by savvysavingsincyahoocom (14)
Answer by tessamalk (466)
Yes. Bankruptcy can stay on your credit for seven to ten years and will always be negative. A collections account will "heal" more quickly, especially if you have a payment plan or make a settlement.
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