This video explains how long negative items will remain on your credit report. It covers specific types of items and what the law is concerning negative items remaining on your credit report and the statute of limitations on items like Bankruptcy, tax liens, Foreclosure and collections. Many people make the mistake of waiting for a negative account to be removed based on the statute of limitations only to find out that the account has been sold to another collection agency and the account has now been reaged and appears on your credit report as a new item. There is a way to combat this problem and utilize the Fair Credit Reporting Act to protect you. Free Credit Report Consultation