Tradelines can stay on your credit for up to 10 years, depending on whether they are closed or remain open, and whether they were closed in good standing or due to non-payment. Accounts on your credit report, which include information regarding your payment history, credit limits, and balances, are referred to as tradelines.
Positive Tradelines Stay on Your Credit For Up To 10 Years
Positive tradelines, such as credit cards, loans, and other types of credit accounts, can remain on your credit report indefinitely as long as they are active and in good standing. However, closed accounts with positive payment histories typically remain on your credit report for 10 years.
Negative Tradelines Stay on Your Credit For Up To 7 Years
Negative tradelines, such as accounts with late payments, collections, and charge-offs, generally remain on your credit report for up to seven years from the date of the initial delinquency.
It's important to note that the impact of tradelines on your credit score may decrease over time, especially if they are older accounts without recent activity.
You can check which tradelines are listed on your credit report and get personalized credit-improvement tips for free here at WalletHub.
This answer was first published on 06/19/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
