Thread: Credit and Credit Scores: A short lesson
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Old 12-27-2006, 06:23 PM
Dave I Dave I is offline
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Join Date: Sep 2005
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Default Re: Credit and Credit Scores: A short lesson
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I don't think that's totally correct. while payment "history" drops off after 7 years, the standing in which the account was closed stays on forever. In other words, it will say "Account closed by grantor" until he dies.

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It is correct. The history is not permanent. Even "good" records of closed accounts fall off after 10 years.

EDIT: Not positive on the 10 years, but I am positive records will fall off completely.
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