Should this account still be showing on my credit report?

[_John_Doe]

Perusing my annual pull of my credit reports I noticed this account:

Capital One

Status: Pays as Agreed

Date Opened: 02/07/2002

Date of Last Payment: 06/2004 (I closed this account after paying in full when they jacked the interest rate)

No delinquencies listed, its not a charge off, etc...

[kitty9779]

Why wouldn't you want it to?

[_John_Doe]

Not that I wouldn't want to but I thought they reported 10 years for good accounts and 7 for delinquents.

[Countingpennies]

It looks like it will probably fall off 6/2014.

[guiness56]

Closed accounts in good standing can stay for up to 10 years from date closed.  There have been times when they have stayed much longer, which is a good thing.

[fishbjc]

I've got a couple that should have fallen off last year, lol.

In good standing, so I'll keep them!

[RobertEG]

Exclusion of derogs reported on accounts is regulated by the FCRA, but there is no statutory or regulatory basis for the CRA practice of deltion of accounts.

The delletion of accounts after approx 10 years from closing is purely a discretionary decision by the CRAs for the purpose of cleaning up their databases of what they consider to no longer be useful information.

They dont usually exlude until all of the normal credit report exclusion periods for any possible adverse information reported on an account has past, but once past approx 7 years, they apparently become game. 

It is a hit and miss process.  I personally had an old account that remained for 15 years before it was axed.