Length of Time Closed Credit Cards Stay on Credit Report
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?
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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.
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?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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.
posted by CardRatings.com at 1:09 PM
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