> You get the same treatment from banks: default on one loan and they'll tell the others (via credit reporting agencies), because that information is something they need to make good business decisions.
At least in the US, negative events on your credit report disappear after 7 years.
True. The statute of limitations (or whatever the consumer credit regulations equivalent is called?) doesn't extend to what individual organisations already know about you.
At least in the US, negative events on your credit report disappear after 7 years.