Credit Cards

[lithium78]

A few years back, I was ill for a long time and I fell 90 days behind on one credit card and 30 days behind on another.  My situation has improved a lot since then and I'd like to soon get rid of those two cards with high annual fees.  I know that closed credit card accounts stay on your record for ten years.  Does that mean that if I closed these cards, the deliquencies would stay on my record for ten years or would they fall off after seven years as they would if they stayed open?

[MarineVietVet]

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lithium78 wrote:

A few years back, I was ill for a long time and I fell 90 days behind on one credit card and 30 days behind on another.  My situation has improved a lot since then and I'd like to soon get rid of those two cards with high annual fees.  I know that closed credit card accounts stay on your record for ten years.  Does that mean that if I closed these cards, the deliquencies would stay on my record for ten years or would they fall off after seven years as they would if they stayed open?

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The CRTP of 7 years for late payments would still apply whether the account is open or not.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[sgs10]

Late payments will stay on for 7 years