Deletion of accounts at approx ten years after closure is not regulated under any statute or regulation.
It is purely a housecleaning practice under control of the CRAs.
There is thus no firm basis upon which to dispute the removal of closed accounts.
The period is normally at least 7 years, after which most of the normal credit report exclusion provisions have taken place, thus making the continued reporting of any account that had prior derogs devoid of most payment history information. Deletion at four years is extreme, which can remove payment history that might still be of interest.
It raises the question as to how the consumer knows that the deletion was made by the CRA, and not the creditor.
Creditors will delete old, closed accounts for similar housecleaning purposes, thus removing any need to monitor those accounts for any possible changes in account information or to entertain any disputes of information that has become dated.
How do you know that the CRA did the deletion on their own without the furnisher having reported deletion to the CRA?
