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Credit Card Applications » Questions » User Questions » Other » The items listed on my credit reports in the positive section of accounts reporting favorably will expire ...

The items listed on my credit reports in the positive section of accounts reporting favorably will expire very soon due to the 7-year reporting limitation. Those accounts were all closed by me. What will happen to my credit score and my creditworthiness once that happens?

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Leo Zhu

If your current credit accounts are in good standing and your debt-to-credit ratio is low, your credit score won’t drop significantly. Length of credit history makes up only 15% of your credit score. The most important things are payment history (35%) and amounts owed (30%). If you always pay on time and keep your balances low your credit score won’t be affected much.

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