How long does a Cancelled credit card stay on credit report?
Emma Miller
Updated on January 23, 2026
about 10 years
While your score will continue to include account history from all closed, as well as open, cards for as long as they remain on your credit report, the credit bureaus remove closed accounts in good standing after about 10 years and closed accounts with a history of late payments after seven years from the date of the …
How do I remove closed debt from my credit report?
If you’d like to remove a closed account from your credit report, you can contact the credit bureaus to remove inaccurate information, ask the creditor to remove it or just wait it out….Removing a Closed Account from Your Credit Report
- Dispute inaccuracies.
- Write a goodwill letter.
- Wait it out.
Should you dispute closed accounts?
In general, you should try to remove a closed account with inaccurate negative information, but you should probably leave any accounts that are yours that are having a positive effect on your credit history.
How long does cancelled debt stay on your credit report?
This information can remain on your credit report for up to seven years. If you are able to get your debt completely canceled, you then no longer have any responsibility for the amount owed. But the creditor must report the canceled amount or settled debt to the IRS using the Form 1099-C cancellation of debt.
Do you have to report canceled debt on your tax return?
If the amount of your canceled debt is more than $600 and it’s considered taxable, the lender is required to send you a 1099-C form, which includes the cancelled amount that you’ll need to report. If your forgiven debt is less than $600, you might not get a 1099-C, but you’ll still need to report it on your tax return.
How does debt cancellation affect your credit score?
On the flip side, debt cancellation typically doesn’t have a negative impact on your credit score. In either case, though, you may need to report the debt as income on your tax return.
How long can a judgment be reported on a credit report?
If a judgment was taken against you on the old debt, it may also be reported for up to seven years from the date of judgment. Some debt buyers try to get around this law by reporting an old debt as newer than it really is.
