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5 years from SOL in Illinois, 7 years for removal How to do it?

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guiness56
Epic Contributor

Re: 7 years from SOL in Illinois

Yes, a 30 day late only affects your score for about 2 years.

 

Yes, a late payment is removed after 7 years.  When the last late is gone, your account can become a positive account and stay for up to 10 years on your CR from the date closed.

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