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
unhappily

0 Contributions
0 People Helped
How long after closing does an account stay on my record? Some closed in 1997

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
269 Contributions
114 People Helped

An account not in good standing when it closes will stay on your report for a maximum of 7.5 years from when the original debt was 30 days late. If you have a debt that gets sold from one collection agency to another over several years, it will still fall off according to the date of the original delinquency, not when the debt was purchased. Sometimes you'll get lucky and they will stop reporting early. I've had that happen.
Accounts closed in good standing stay as long as ten years. 

Top Contributor
5038 Contributions
1134 People Helped

Most negative accounts remain for seven years and most accounts closed in good standing remain for 10+ years.

NEVER TRY TO REMOVE ACCOUNTS THAT WERE CLOSED IN GOOD STANDING!!

DOING SO WOULD DAMAGE YOUR CREDIT!

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.