First things first: Closing an account does not remove it from your credit report. Even if you close an inactive account, you could still have recent account activity posted on your credit summary if the creditor reports something to the reporting agencies, like a change in the report date or the account’s date of last activity, for example.
The exact length of time the closed account appears on your credit report, however, will depend on the payment history of the closed account.
There are set time periods for how long closed accounts and negative information remain on a credit report, depending on the type. Generally speaking, negative information will stay on your credit report for seven years from the date of last activity, but bankruptcies can appear on your credit report for 10 years from the date of last activity.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.