Each negative item has a federal statute of limitation on when it must drop off your credit report. Once the statute of limitation has expired, the item must be deleted from your credit report according to the Fair Cred-it Reporting Act. The statute of limitation starts 180 days from the date the account became delinquent. Federal Statute of Limitations The statute starts 180 days from the date the account became delinquent. For example, if your payment was due on January 1st, but you did not pay it until February 1st, you would be considered 30 days late. Now, count 180 days from February, which will take you to July. This month will be the time the seven-year statute will begin. Late payments: Once you become more than 30 days late on any of your bills, the financial institution that you hold a loan with will disclose your late status to the credit bureau. You can be reported as 30, 60, 90, or 120 days late, and by law, the late marks will remain on your credit report for seven years. Inquiries: Whenever you apply for a credit card or a loan, your credit report is checked, which results in a hard inquiry. These inquiries could damage your credit score if you have more than six in two months. They can also stay on your credit report for up to two years. Charge-offs: These are debts that the creditor felt that they could not collect on anymore after 180 days. So they charged them off as a bad debt. However, the creditor can still sell the account to a third-party collector for collection purposes. Judgments: If a creditor takes you to court and sues for a judgment, this destructive item will be placed on your credit report. The courts issue judgments that can stay on your credit report for up to seven-years, but it can be re-newed until it is paid or until it reaches the 20-year mark. Child support: If you stop making child support payments, it becomes part of your public record and will therefore show up on your credit report. This negative mark can stay on your report for up to seven years.

Who are you leaving behind today? 🚮 Riskeypro Academy family, High performance isn't about adding new habits—it’s about killing the old identity that kept you stuck. If you want to change your decisions, you have to change who is making them. The Challenge: Comment below with ONE trait or habit you are officially "deleting" from your identity today. (Example: "I am deleting the 'I'm not a morning person' identity.") I'll be jumping in to reply to as many as possible. Let’s go! 🚀

Check: YourWEDNESDAY – SKILL LEVERAGE Goal: Show value of automotive knowledge Post: 🔧 Skill Check:Your automotive knowledge is worth more than just an hourly wage—if you know how to leverage it. What skill do you have right now that could create extra income? Comment on it. Someone here might show you how to monetize it.

What are your 2026 goals and what are your plans to achieve them?

MONDAY—MONEY & MINDSET Goal: Set the tone and spark conversation Post: 💰 Money Check: If your income stopped today, how long would you be okay financially? Be honest. Awareness comes before growth. Drop your answer below 👇 (No judgment—only strategy.)