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Yearn2Learn
Posts: 2
Registered: ‎01-09-2009
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Credit Cards: "Canceled"

Hoping someone can shed some light:

 

1) When do the accounts for credit cards - either canceled by me or canceled by credit grantor - drop off a credit report. 

 

2) Also, my credit union has seen quite the number of "potential fraud" cases whereby they cancel my credit card and issue me a new one.  Is this activity reflected on ones credit report?

 

3) I have a two late payments listed on my account - one for 2002 and the other for 2006.  I have no idea where these came from as my payments have been paid in full and on time.  I have disputed the hits with no success.  It does state on my account that customer disagrees.  Is there anything else I should do?

 

Thank you!!

Established Member
defserv
Posts: 24
Registered: ‎02-22-2008
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Re: Credit Cards: "Canceled"

1. canceled credit cards drop off your credit report after 10 years.

 

2. it may be reflected on your report but will not have a negative effect

 

3. have you tried calling the cc company and disputing the lates with them?

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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Re: Credit Cards: "Canceled"

If you haven't already, please read Understanding Your FICO ® Score and Credit Scoring 101 (at least the first post.)

These will give you the background knowledge you need to understand what you read here on the forums.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
cobaltnv
Posts: 640
Registered: ‎09-02-2008
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Re: Credit Cards: "Canceled"


defserv wrote:

1. canceled credit cards drop off your credit report after 10 years.

 

2. it may be reflected on your report but will not have a negative effect

 

3. have you tried calling the cc company and disputing the lates with them?


Slight correction:
The accounts SHOULD remain on your credit report for 10 years. Some CRA's tend to remove these a bit early.
 

 

TU 810: EQ 813: EX 814 (9/16/09--Loan officer pull)

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