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How Often Does Your Credit Report Change?

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Established Contributor

How Often Does Your Credit Report Change?

Some parts are pretty good. Some seem to be a fantasy ("You don’t have to ask the CRAs to remove information that should no longer be report. It should happen automatically.") http://finance.yahoo.com/news/often-does-credit-report-change-110027429.html

What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Message 1 of 5
4 REPLIES
Established Contributor

Re: How Often Does Your Credit Report Change?


Cageym wrote:
Some parts are pretty good. Some seem to be a fantasy ("You don’t have to ask the CRAs to remove information that should no longer be report. It should happen automatically.") http://finance.yahoo.com/news/often-does-credit-report-change-110027429.html

You know, that statement had me thinking.  I know that there is a statutory requirement to remove bad data in 7.5 years, but is there a statutory requirement for positive data to be removed in 10 years?  Or is the 10 years a CRA "policy"?

 

I recently had few positive TLs age off since they were 10 yrs old since closed.  And it sucks =(  I want my TLs back lol!

Message 2 of 5
Established Contributor

Re: How Often Does Your Credit Report Change?

I don't know, but I've got a car loan showing on one of mine that is just over 12 years old.

What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Message 3 of 5
Moderator Emeritus

Re: How Often Does Your Credit Report Change?

I have some good TLs that were paid off over 10 years ago.  If they want to just hang around on my CR, so be it!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 5
Established Contributor

Re: How Often Does Your Credit Report Change?

In my experience, car loans from GMAC/ALLY tend to stay for extended periods of time, up to 15 years.. It's great until they do finally fall off.

FICO scores on November 17, 2014 (prior to applying for and being approved my mortgage)

EX=738
EQ=735
TU=754

FICO scores on March 4, 2015 after being approved for mortgage and buying the home, the mortgage isn't yet reporting.
EX- 689 EQ- 739 TU- 739
Message 5 of 5