Re: Auto history question
03-17-2012 08:30 PM
I would expect that the first account would show as paid/closed, assuming that the lease was cancelled or paid after you traded it in.
Closed accounts will remain on your credit reports for 10 years from the date closed.
It looks as though the first lease is still showing open. Maybe it will get cleared up in a few months. It's not going to hurt your FICO score to have both accounts reporting open.