Accounts closed in 1996 why still on my report?

[Anonymous]

I have a BUNCH of Accounts closed in 1996-2000 or so. Why are they still on my report?  Even the "last activity" date is way back then too.  It makes it look like I've had a lot of accounts, which could look bad.  Anything I can do to get thes REALLY OLD accounts off?

[haulingthescoreup]

Heavens, no, don't do that! They're helping your length of history.

Nothing wrong with having old closed accounts displaying. I only wish that my old ones would hang on like that.

Please don't go messing around with your reports until you've read the stickied threads at the top of the various boards here. You can do a lot of unintentional damage.

btw, I saw that you had all three scores posted on another thread. Are they FICO's, and if so, how did you find out your Experian score? EX stopped allowing customers to buy our own EX FICO's in Feb 2009, although they love to sell you FAKO's.

[llecs]

I wish I had old accounts from 1996 still reporting.

[OnTheRebound]

I have two old accounts reporting. One from '94 and another from '96.

[MarineVietVet]

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@Anonymous wrote:

I have a BUNCH of Accounts closed in 1996-2000 or so. Why are they still on my report?  Even the "last activity" date is way back then too.  It makes it look like I've had a lot of accounts, which could look bad.  Anything I can do to get thes REALLY OLD accounts off?

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You are fortunate this is happening for you. In most cases a closed account will remain for only up to ten years on your report. Any thing beyond ten years is an exception.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[tray]

Word of advice leave sleeping dogs lie and stay hush, my equifax credit score just took a nose dive last week I lost a WHOPPING 35 points  due an old cc account that was closed in 2000 come off my report, my eq score was 756 now at 718.  Be thankful you are not on the radar yet.

[RobertEG]

Under FCRA 605(a), your CR cannot contain any of the named derogs specificed in that section.in any credit report they issue.

Which means inclusion in your CR of old accounts can only report the good stuff on the account, not the bad stuff.

So, yes, keep it!

[Anonymous]

Only problem is there are many accounts.  there's re-financed mortgages of old, "refinanced" credit cards, store cards etc... so there's 44 accounts (40 of which are closed) on there now.  The folks I am talking  to are asking why so many accounts....

[haulingthescoreup]

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@Anonymous wrote:

Only problem is there are many accounts.  there's re-financed mortgages of old, "refinanced" credit cards, store cards etc... so there's 44 accounts (40 of which are closed) on there now.  The folks I am talking  to are asking why so many accounts....

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Who are you talking to, and why would they care? (just curious) If it's a lender, they need to focus on the fact that you only have four open accounts.

If they think that you've been an appaholic in your past, point out to them which accounts are the same ones that have transmogrified via refinancing, bank takeovers, and so forth. That might show them that there weren't that many accounts originally.

[MarineVietVet]

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@Anonymous wrote:

Only problem is there are many accounts.  there's re-financed mortgages of old, "refinanced" credit cards, store cards etc... so there's 44 accounts (40 of which are closed) on there now.  The folks I am talking  to are asking why so many accounts....

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Then I would seriously consider talking to another lender. If the LO doesn't understand how old accounts remaining on your reports actually helps your AAoA and credit length history and therefore helps your overall credit profile I would wonder what else about credit they don't understand.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work