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legendaryussc

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Old accounts still showing on credit report
Hi,
Does anyone know exactly how long it takes for a closed account to be removed from ones credit report? I have several accounts that have been closed for approaching 10 years now (a few months away from exactly 10 years). Does the CB start counting the 10 years from? Is it the closed date or the last reported date? Also, If a collections account is paid off when does it get removed from your credit report? Does it stay listed as a closed account or is it just removed from the collections category?

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Most negative accounts are removed in seven years. Most positive accounts will remain for ten plus years. A collection account will be removed from everything. Never try to remove any accounts that were closed in good standing, for negative accounts older than seven years you will want to dispute them or start asking for "early exlcusion" from the credit bureaus about six months prior to the seven year mark. Once again, NEVER try to remove accounts that were closed in good standing as doing so would have a negative effect on your credit profile and scores.

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