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> You get the same treatment from banks: default on one loan and they'll tell the others (via credit reporting agencies), because that information is something
by mattzito 9y ago
> You get the same treatment from banks: default on one loan and they'll tell the others (via credit reporting agencies), because that information is something they need to make good business decisions.
At least in the US, negative events on your credit report disappear after 7 years.
- ceejayoz 9y agoThere's more than just a credit report involved, though. There might be a ChexSystems report that trips you up, for example.
- megy 9y agoTry going to the same bank you defrauded and getting a loan?
- dazc 9y agoTrue. The statute of limitations (or whatever the consumer credit regulations equivalent is called?) doesn't extend to what individual organisations already know about you.