When it comes to debt, the statute of limitation is the amount of time a creditor can take to ask a court to force you to pay for a debt.
Each state has its own statutes of limitations. You can dispute old debts that are no longer due. By doing so, you will raise your credit score.
As a rule of thumb, most items remain on your credit report for seven years. As for specific things, like a missed payment or collection account. Let’s take a look into how long stuff stays on your credit report.