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I'm going to say I don't believe this is true. However, I don't know for sure, and I also don't know the magic words to google to verify or disprove this. Can
by actually_a_dog 5y ago
I'm going to say I don't believe this is true. However, I don't know for sure, and I also don't know the magic words to google to verify or disprove this. Can anybody point me to info on the web, or some of those magic words?
- rootusrootus 5y agoI do not really know exactly how to cite US code correctly, so I will just get you close enough to do a text search: Go here: https://www.law.cornell.edu/uscode/text/15/1681c https://www.law.cornell.edu/uscode/text/15/1681c Search on that page for "Exempted Cases" All of the language about how long negative information can be shown on a credit report is exempted when the loan principle is $150K or greater.