Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
Re: Closing Aged Accounts.. Yes It Is Ok

firecat wrote:
My question is in relationship to "old accounts."  When exactly do these old accounts come off, if ever?  Does one have to request this thru EX, EQ or TU?  Or should this automatically happen?  We have some "old" credit that had some 30+, 60+ days late on it and would like to see it disappear.  Does the amount of time start from the date the account was opened or from the last date it was late? 

Derogatories will report for 7 years after they happened. The account itself will report for 10 years after it closed.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007