Accounts submitted for collection may remain on your credit file for six years, which is the Statute of Limitations. Once you pay off your account it will show as paid in full on your credit file. This process usually takes 30-45 business days as we provide electronic updates to Equifax and TransUnion once a month for all accounts. After the six year period expires your account will automatically be removed from your credit file. (Some exceptions may apply depending on Client requirements)