Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
AnnieWithAChance

0 Contributions
0 People Helped
How do closed accounts affect credit score
I have a few closed accounts but they have been closed from the years 2010, 2013 and 2013. I understood from research that closed accounts remain on your report for 7 or so years, and am wondering when these closed accounts will go away and also if my credit score will go back up afterwards. Now being 2017, the 2010 accounts that were closed should be gone by now, right?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
9964 Contributions
4252 People Helped

2017 isn't over yet and accounts vanish 7 years after 'date of last activity' so, if the accounts closed in November 2010, they won't vanish until after November 2017.  And, it depends on the accounts.  Some, such a federallty subsidized student lans do not vanish until paid.  More information can be found in the articles on this site.

Top Contributor
7816 Contributions
1467 People Helped

First, the start of the seven years for negative accounts does not start from the "closed date" as the other post says below. The seven years starts from the DOFD (date of first delinquency) which could be several months prior to the closed date.

Next, what are you addressing, negative accounts or accounts closed in good standing? Most negative accounts fall off in seven years, but accounts closed in good standing can remain for ten years or longer.

NEVER try to remove accounts that were closed in good standing.

If you are dealing with negative accounts, do some reading on "early exclusion".

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.