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How Can I Remove a Closed Account From My Credit Report?

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Question: How Can I Remove a Closed Account From My Credit Report?

Answer: You can only remove a closed account from your credit report in certain situations. If the account is actually open but incorrectly reported as closed, you can use the credit report dispute process to have it listed as an open account. Having it reported as closed (when it's actually open) could be hurting your credit score, especially if the credit card has a balance.

If the closed account includes negative information that's more than seven years old, you can also use the credit report dispute process to remove the account listing.

There is no law requiring credit bureaus to remove an accurately reported, verifiable closed account if it doesn't contain any old, negative information. Instead, the account will likely remain on your credit report for ten years or whatever time period the credit bureau has set for reporting closed accounts.

 

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