Credit Card Glossary: Terms and Definitions
Negative information, in a credit sense, is information contained in a credit report that makes it less likely a lender will loan money. The length of time that negative information can stay in a credit report is set by the Fair Credit Reporting Act. Most negative but accurate information can stay for seven years. Some bankruptcy information will stay as long as 10. The act also gives consumers the right to challenge and remove inaccurate information from a credit report.