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Fed Finds Lenders Keep Charged-Off Cards Longer, Longer Credit Fallout

8/17/2026

27 6 Full Breakdown

Summary

Story summary

Lenders are keeping charged-off credit-card accounts on credit reports longer, the New York Federal Reserve reports.
Credit-card debt rose $21 billion in the second quarter of 2026 as inflation pushed prices higher.
The Fair Credit Reporting Act caps most negative items at about seven years from the original delinquency.
Federal guidance forbids “re-aging,” so debt buyers cannot assign a newer delinquency date.

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Story summary

Lenders are keeping charged-off credit-card accounts on credit reports longer, the New York Federal Reserve reports.
Credit-card debt rose $21 billion in the second quarter of 2026 as inflation pushed prices higher.
The Fair Credit Reporting Act caps most negative items at about seven years from the original delinquency.
Federal guidance forbids “re-aging,” so debt buyers cannot assign a newer delinquency date.