No. of Recommendations: 2

You wrote, My question is: How is it that 11 years on there is still all this negative info on my CR? I'd like to be able to go back and open up a bank account again and not worry about the account being frozen!

I believe there is no limit for any credit history that's considered positive; but most CRAs drop anything older than 10 years. Negative information has to be dropped 7 years after the last verifible activity. If you have reason to believe the information is too old, get a copy of your report and dispute the item(s) with the CRA.

There is one exception to this rule. Court judgements may be renewed periodically by a claimant. The renewal counts as new activity and judgements can be renewed indefinately, as long as the claimant meets the jurisdiction's statutory limitations.

If you skipped out on a really big debt or really pissed off someone you owed money when you left, they may never let the claim die. In this case, you either have to 1) pay the claim, 2) file bankruptcy, or 3) live with it. This means that if the debtor is persistant and you're a dead-beat and refuse to pay, the creditor can make a mess of your credit for the rest of you life.

BTW: If you have a judgement against you and an open U.S. bank account, the claimant can file for a Writ of Possession and one day the contents of your account will just vanish.

- Joel
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