Question

Consumers sometimes make choices that cause negative information to be put on their credit reports. Which of these is the most likely number of years that this negative information will remain on their credit reports?

Answer 1

Answer:

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Answer 2

Answer:

Generally speaking, negative information such as late or missed payments, accounts that have been sent to collection agencies, accounts not being paid as agreed, or bankruptcies stays on credit reports for approximately seven years.

Step-by-step explanation:

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