Negative financial information can stay on your credit report for a2 years b5 years c7 years d

To answer the question about how long negative financial information can remain on a credit report, let's analyze the options provided:

1. Understanding Credit Reporting Duration: Negative information, such as late payments, bankruptcies, and collections, is reported for a specific timeline as mandated by credit reporting laws.

2. Reviewing the Options:

   • a) 2 years
   • b) 5 years
   • c) 7 years

3. Correct Information: According to the Fair Credit Reporting Act (FCRA), most negative information can stay on your credit report for 7 years. However, some specific events like Chapter 7 bankruptcy can remain for up to 10 years.

Final Answer

Therefore, the correct answer is c) 7 years.