Timeline for Negative entry in credit report - when does it fall off?
Current License: CC BY-SA 3.0
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| Sep 23, 2016 at 11:36 | comment | added | Aganju | @DanielAnderson , great that you know they don't do that, but I have one that does. I closed the credit card in 2006, never owned anything on it, and it is still reporting 0 every month according to the current report. I agree that the large majority wouldn't do that. | |
| Sep 23, 2016 at 11:32 | comment | added | Daniel Anderson | Creditors do not continue actively reporting you once an account has been closed unless there is a balance still due that they are trying to collect, so the assertion that "some companies keep reporting '0' forever" is incorrect. Now, what has already been reported remains on your credit report whether you close the account or not, so simply closing an account wouldn't make it go away until there has been no reported activity on the account for seven years. | |
| Sep 1, 2016 at 2:59 | history | answered | Aganju | CC BY-SA 3.0 |