A consumer credit report is the type of file most individuals have with the various credit reporting agencies– Experian, Equifax and TransUnion. It is your personal credit file. It is different than the credit report of a business.

The following are the limits on information that may be reported in a consumer credit report. They can be found at 15 U.S.C. 1681c:

1. Bankruptcy can be reported for 10 years from the date of the filing of the bankruptcy.
2. Civil suits, civil judgments and records of arrest can be reported for 7 years.
3. Paid tax liens can be reported for 7 years from the date of payment.
4. Accounts placed for collection or charged to profit and loss can be reported for 7 years.
5. Records of arrest, indictment or conviction of a crime, can be reported for 7 years from the date of disposition, release or parole.
6. Bad debts, and most everything else adverse, can be reported 7 years.

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