How Often Does Your Credit Report Change?

[Cageym]

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

[ccnewcc]

---

@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!

[Cageym]

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

[Shogun]

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!

[jackg]

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.