New Fcra Law 2025 Remove Collections. A new law passed by congress “allows you to permanently remove any negative debt” from your credit report that is over two years old. A new law passed by congress “allows you to permanently remove any negative debt” from your credit report that is over two years old.

This article lists federal and state consumer law rights scheduled to go into effect or expire, during the period from november 17, 2022, through december 31, 2023. Having collections on your credit report can cause major damage to your credit score.