FAQ: The items listed on my credit reports in the...

The items listed on my credit reports in the positive... - Other Questions

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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?

Answered on September 23, 2014 | Updated on September 23rd, 2014

Tags: Bad Credit, Credit History, Credit Score

The content is accurate at the time of publication and is subject to change.

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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