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Posted in Credit Cards
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Question By
IL5

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0 People Helped
How long does closed accounts stay on report?
I have several accounts that has been closed for several years, but they are still on report.

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Most Helpful Response

Helpful to 76 out of 87 people

Try writing to the credit reporting agencies first and reference the "Fair Credit Reporting Act" (FCRA) and the "Consumer Financial Protection Bureau" (CFPB).These Gov. Agencies will fine $$$$ the credit reporting agencies if they hurt you financially by not doing their required task of updating your credit report accordingly. I've had items removed before 7 years just by writing them a letter in a professional manner, clear and concise, to the point but stern and not insulting or condescending. send the letters cert.mail ret. receipt and sit back and watch the magic happen. They must respond within 30 days by law (not 30 business days) and if they cannot verify any information that your disputing they must delete the item(s) from your credit report never to be seen again. Make sure you provide as much info regarding the item as possible acct#'s name of bank or creditor, copy of your photo id and copy of a recent bill to prove you are who you say you are and contact phone numbers, if the creditor doesnt respond your score will go up. Don't hire a credit repair specialist all they do is drag it out so you can pay them for what you can do yourself, Good Luck!!!

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16 People Helped

Helpful to 16 out of 19 people

I have been helped a lot by doing the things I have learned here on Credit Karma. Four years ago my score was 570 and now is 790. I found out Trans Union had an open account last week and I called them to ask why. It wasn't on my other reports and I wanted to get it off there. After speaking to them they said they would check into it and I learned it was taken off. I know now that you have to watch what is being reported so you can take action. I know the only way to get things fixed are to do it yourself and the advise I get here let's me know how. Thanks Credit Karma

5 Contributions
96 People Helped

Helpful to 73 out of 90 people

If your account was closed in good standing, there is no law requiring it to be removed from your credit report. It could stay on your credit report indefinitely and may help your score.

If the account was closed and had been delinquent then it should drop off in 7 years.

Reply by
Ngutierrez25

1 Contribution
10 People Helped
Helpful to 10 out of 13 people

This month marks 7 years on an account that has been closed. How do i make sure it does in fact drop off my credit report? Thanks in advance

Reply by
Blckwngs05

2 Contributions
56 People Helped
Helpful to 50 out of 57 people

Does it fall off 7 years after the open date or the closed date? My open date is august 2009 on a deliquent auto loan i was co-signer on, but the closed date is october 2012.

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9 People Helped

Closed Account after Bankruptcy

Helpful to 9 out of 9 people

Can I have closed accounts removed that were filed under bankruptcy?  I'm asking this as I see a few still on my report, and others are not.

Reply by
novipspleeze

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0 People Helped

Bankruptcies stay on for 10 years from the last days of activity.

2 Contributions
56 People Helped

Helpful to 6 out of 6 people

Does a delinquent auto loan fall off 7 years after the open date or the closed date? My open date is august 2009 on a deliquent auto loan i was co-signer on, but the closed date is october 2012.

Reply by
h03angel

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44 People Helped
Helpful to 1 out of 1 people

closed date 

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39 People Helped

7 year drop off

Helpful to 39 out of 61 people

Ok I had some really hard times back in 2002 and again in 2008.  These are past 7 year mark.  How do I get them off my report?

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8 People Helped

How long

Helpful to 8 out of 12 people

I have several accounts that have been paid and closed since 2007 and 2008. How long will they stay on my credit report? How do I get them off?

Reply by
h03angel

9 Contributions
44 People Helped

dispute the accounts through credit karma. youo can do 1 at a time. 

Reply by
csiangel68

3 Contributions
13 People Helped
Helpful to 4 out of 5 people

My experience has been that if you utilize your yearly free credit reports and complete an online dispute request with each of the three reporting agencies, you will find that you will be able to get most if not all of these items removed yourself quite easily. My husband and I have been working at this for a couple of months to clean up our own credit files and have successfully brought our credit scores up from the low 400's ti above 600. We still have a few more items to get removed but we are almost there so my advice to you is definitely dispute .

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4 People Helped

Draft Letter

Helpful to 4 out of 4 people

Is t here a form letter or a draft that I can copy to request creditors to remove or fix an account that is in error?

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6 People Helped

Credit cards

Helpful to 6 out of 9 people

I want to pay off and close out credit cards account will this hurt my credit score?

Top Contributor

Reply by
FICOGrowth

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11 People Helped
Helpful to 8 out of 11 people

Paying off the balances is always a good idea, but closing the credit accounts could present a problem. For one,it might signal distress to a future lender. The immediate impact could crush your score, but you have eliminated any good utilization rates. Sometimes paying them down and keeping them open is a good thing. Sometimes its not. Be careful.

1 Contribution
2 People Helped

debt aaccount

Helpful to 2 out of 3 people

How llong after your charges have been paid off does it take for your record to reflect this information.  If it has been over 90 days can you contact credit bureau

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