How long does a paid (but showing derog) account stay on record?

[LordAthens]

I've learned a lot over the past few months, but the one thing I'm still confused on is how long a closed/paid account account stays on record for.  Same with charge offs.  I know collections go away in 7-7.5 years and good accounts typically report for 10.

My fiance had an account through 1st Financial.  I've sent GW's, but nothing has come of that yet.  Status is Paid/Closed, $0 balance.  Opened 06/2004.  First went 30 days delinquent in 11/2006.  Got caught up, paid OK for a few months, got late again, caught up, late.  04/2008 it went 180 days late.  05/2008 reported closed, 06-09/2008 show good, last report was 10/2008.

Do closed/paid accounts with negative stats follow the 7 year or the 10 year deletion?  If 7 year and it's timed from DoFD, that would mean it goes away 11/2013, correct?

What about charge offs?  Capital One opened 11/2006, paid as agreed for 5 months, 04/2007 was DoFD.  It rose to 150 days late in 08/2007, reported as C/O from 09/2007 to 12/2009. 

[TimeToRecover]

actually when you brought the account current the timer resets.  The DOFD is based on when it first went late and was never brought back current.

[DaBears]

each late will remain for 7 yrs from the date of occurance. The account will remain on your credit report for up to 10 yrs from date closed. Once all lates have been removed at their 7 yr mark the account will be a positive trade line. 

Charge-Off's stay on your credit report for 7 yrs plus which ever amount of day it went. in your case it looks to be  150 days.