How Long a Closed Account Stays on Your Credit Report

How Long a Closed Account Stays on Your Credit Report


The length of time a closed credit card stays on your credit report depends on whether the account was closed in good standing. A negative closed account, like a charged-off credit card, will remain on your credit report for seven years. That's the maximum amount of time most negative information can be included on your credit report.


If your account was closed in good standing, there is no law requiring it to be removed from your credit report in a certain time period. It could stay on your credit report indefinitely, but will likely be removed ten years after it was closed based on the credit bureau's guidelines for reporting closed accounts.


It's not a bad thing that a closed account still remains on your credit report, depending on how the balance and status of the account. Closed accounts generally hurt your credit score when you have a negative account status or a high credit card balance. An account closed in good standing, however, may have a positive impact on your credit score for as long as the account is included on your credit report.


You might want to scrub your credit report of all closed accounts, but you can only have inaccurate or outdated information removed from your credit report. If this is true for any of your closed accounts, submit a dispute with the credit bureaus to have the account removed from your credit report.

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