Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - When is the Clock Supposed to Start Ticking for Negative Items on Credit Reports? - I have a delinquent Credit Card account that I last paid in January 2009, but it was not reported as a major delinquency until December 2009. What gives? Don't most Creditors report major delinquencies at the 6 month point? When exactly should the clock have started ticking? br br To confuse matters more: this debt was either assigned to or bought by Mann Bracken, who happened to file for Bankruptcy around the same time that this item was reported as a major delinquency.