Deleted accounts

[q_thurst]

I recently had an account deleted from my Experian report, the same account is on my Equifax report as well. Will the account also drop from my Equifax report as well? 

thanks 

q_thurst

[cdtotten]

Once an account is closed, it can continue to report for up to 10 years, potentially longer depending on when the CRA decides to remove it. That being said, the account can also be removed at any time, and there isn't really anything you can do about.

Just because it drops off 1 report, does not necessarily mean it will drop off another.

[RobertEG]

+1

There are no regulations governing when an account will or must be deleted from your credit file.

The only deletion requirements set forth in the FCRA relates to how long an individual item of information in your credit file may continue to be included in any credit report issued by a CRA.  FCRA 605(a).   It does not even require deletion of that item of information from your credit file, let alone the deletion of the entire account.

Creditors can delete, at any time, an individual  item of information, or the entire account, from your credit file, simply by reporting a deletion code to the CRA.

CRAs, apart from creditors, each have their own individual criteria for deletion of old accounts, with no regulatory oversight.

For the most part, they assume that if an account has been closed for over ten years, then their obligation to retain derogs reported under the account has passed all of the credit reporting inclusion dates set forth in FCRA 605(a).  Thus, it is more beneficial to their internal record keeping to just delete, with little or no concern for your loss of the account age in your AAoA scoring.  Each CRA makes their own interpretation of their obligation to retain accurate credit reporting.

Any deletion of old accounts by a CRA is, in my opinion, contrary to their function to maintain accuracy and integrity of the credit reporting and scoring system, but my opinion is just an opinion.  There is no FCRA violation.