Each account on your credit report provides details such as open date, balance and payment status. You can dispute any of the details listed if they are incorrect. You can't dispute that an account still appears on your credit report after it's closed.
Closing an account doesn’t remove it from your credit report immediately. How long a closed account stays on your report depends on whether it had a positive or negative history. An account that had good standing and a history of on-time payments when it was closed will stay on your credit report for up to 10 years, which can ultimately help your credit score. Accounts with negative information may stay on your credit report for up to 7 years. Get more details about how long closed accounts stay on your report. ›
Usually, accounts will either be labeled as revolving or installment accounts. An installment account is a loan that has an end date, such as a mortage or car loan. A revolving account is a line of credit that you can continue to use with no end date, such as a credit card. Read more about the differences between installment and revolving accounts. ›