Credit Tips: Length of Time Closed Credit Cards Stay on Credit Report

Posted On: March 1, 2006

Author: guest
Posted: Sun Jul 04, 2004 10:44 am
Post subject: Length of Time Closed Credit Cards Stay on Credit Report

Will my OLD/CLOSED/PAID IN FULL Credit Cards accounts and loans drop off after 7 years? (All loans are paid as agreed with NO lates)

When they drop off, will my score drop as well?

Author: NightStar
Posted: Sun Jul 04, 2004 4:19 pm
Post subject: Length of Time Closed Credit Cards Stay on Credit Report

No, good positive accounts don’t drop off for 10 years (only negative accounts drop off 7 years)… that is the CRAs policy so to make room for new accounts.

TransUnion sometimes will report them good accounts longer then the other 2 credit reporting agencies.