negative credit report timing under the Fair Credit Reporting Act or fakra under regulation V sometimes you might be working with the client where their credit is not in the best situation and when reading their credit Port you need to understand how the negative credit report timings work here's some facts that you need to know credit reporting agencies may not report outdated negative credit information negative credit information is more than 7 years old if we're dealing with bankruptcies that's more than 10 years but there is some caveats to that chapter 7even bankruptcies lasts up to 10 years but chapter 13 which involved a court approved repayment plan may be removed from a credit report after 7 years from the date of filing criminal convictions do not expire and credit reporting pooling is limited to legitimate business needs