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-   -   How long do credit rating agencies hold information? (https://www.askmehelpdesk.com/showthread.php?t=206168)

  • Apr 15, 2008, 12:59 PM
    momomomomo
    How long do credit rating agencies hold information?
    I've been abroad for 6 years. Had a limited credit history for 20 years prior, several mortgages and several credit cards, all paid off without paying interest (except the mortgages). On all of these I was the secondary account holder. I want to establish credit and to know what credit history from 2003 back will show up on my record? So how far do the agencies go back?
    I am presuming that as secondary account holder, what I paid for many years, just does not count. I really do not exist as a borrower or as a creditable person to lend to. Am I wrong?
    I would really need to know where I stand.
  • Apr 15, 2008, 02:29 PM
    Fr_Chuck
    Normally your record for 7 years appear unless it is negative info and things like bankrutpcy or judgements show up for 10 year
  • Apr 15, 2008, 05:10 PM
    Loan_Guy
    First thing you should do is go to www.annualcreditreport.com and get a copy of your report. You might be surprised what is on it... hopefully not ID Theft!

    Positive trade lines stay on your report indefinitely, so you should see a bunch of closed accounts (if they are in fact closed). Negative items CAN stay (not HAVE to stay) on your report for 7 years (10 years for a Ch. 7 BK).

    If all the trade lines show closed, you will probably not have a score. Even if they show "open" status, credit cards go into inactive status after about 6 months of no use and cease to help you.

    Generally, once you establish some credit, it will "wake up" your prior trade lines and will help you only a little; mostly because they are 6 years old or more.

    Hope this helps!

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