Credit Cards

[Yearn2Learn]

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!!

[defserv]

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?

[haulingthescoreup]

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.

[cobaltnv]

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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?

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Slight correction:

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