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Removing Closed Accounts in Good Standing

Dear Experian,

How do I go about getting old, closed in good standing, credit card accounts off my credit report?

– GRB

Dear GRB,

Contrary to popular reports, you don’t lose the positive credit history when you close an account. A credit report serves as a record of your account history, so closing an account does not cause the account to be deleted immediately.

Experian retains closed accounts with no negative information associated with them for 10 years from the date they are reported closed. As a result, positive credit information remains on your credit report longer than most negative information, such as late payments. Retaining the positive history longer helps you rebuild your credit history if you have had financial challenges.

And, the length of your history is considered in scoring models. The longer you have demonstrated that you can manage credit, the more positive points for your scores. You don’t really want those accounts to go away.

Experian will remove the closed accounts automatically at the end of the 10 year retention period.

Thanks for asking.
– The “Ask Experian” team

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