It should only be 7 years, but you are defaulting on a contract, presumably a timeshare. Have you tried selling it on the open market or through timeshare brokers?
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A defaulted collection account can be reported for up to 7.5 years on a consumer credit report. If you file bankruptcy, the bankruptcy filing can report for 10 years. If a judgment is entered, it can be reported until it becomes uncollectible or is satisfied, which can be many years.
Is there a reason you are worried about credit when you struggling to pay the bills? I suspect you have other bills that are a struggle and your credit and credit score will be much lower for many years to come. Best advice for many Californian consumers in this struggle is simply cut out bills for personal debts and pay the most pressing needs of utilities, food, and rent. My web site reviews in videos and articles available options are if sued by a debt collector.
Robert Stempler (Please see DISCLAIMER below)
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