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New Member
Posts: 4
Registered: ‎04-02-2017
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Closed accounts and credit scores

I have several old closed accounts on my credit reports. They were all closed in good standing with 0 balances either by me or by the creditor. Some ofthese are well over 10 years old. Are they hurting my scores? Should I try and have them removed? 

Frequent Contributor
Posts: 380
Registered: ‎02-23-2017
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Re: Closed accounts and credit scores

Leave them there. They're likely helping your average age of accounts.

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Senior Contributor
Posts: 4,863
Registered: ‎04-11-2016
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Re: Closed accounts and credit scores


JustKeepMoving36 wrote:

I have several old closed accounts on my credit reports. They were all closed in good standing with 0 balances either by me or by the creditor. Some ofthese are well over 10 years old. Are they hurting my scores? Should I try and have them removed? 


10 years since they were opened or 10 years since they were closed?  Typically they'll vanish from your credit report 10 years after the date the account was closed.  If you have some that have been closed for more than 10 years that are still on your report, it is actually positively impacting your AAoA by being there... so consider it a bonus as long as it remains there!

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Epic Contributor
Posts: 28,310
Registered: ‎03-19-2007
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Re: Closed accounts and credit scores

Closed in good standing only reflects that the debt was paid.

It does not necessarily mean that there were no payment history derogs along the way.

Have all derogs now become excluded, thus also making the account positive in the sense that it is absent of any adverse items?

Senior Contributor
Posts: 5,435
Registered: ‎02-24-2015
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Re: Closed accounts and credit scores


JustKeepMoving36 wrote:

I have several old closed accounts on my credit reports. They were all closed in good standing with 0 balances either by me or by the creditor. Some ofthese are well over 10 years old. Are they hurting my scores? Should I try and have them removed? 


On the contrary, they're helping your scores, not hurting them.


FICO8 EQ 782 TU 806 EX 783 FICO5 EQ 747 Total revolving 503000

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