Do closed accounts on your credit report hurt your credit score? Or Help your credit score? Every credit card or loan payment you make – or don't – can appear on your credit report and affect your credit score. Your borrowing history may remain on your credit report even after you close a credit account or pay off a loan. That means the closed account can affect your score for years. The closed account can be removed from your credit report. In fact, anyone can request a closed account be removed from one or more of their credit files, though, it isn't 100% guaranteed. Closed accounts can affect your credit depending on your financial habits. And even after an account is closed, on-time payments may help your credit. According to Experian, a closed account can still boost your credit score. Conversely, delinquent accounts can hurt credit EVEN AFTER THEY'RE CLOSED. Late payments, as always, will continue to hurt your credit score (remember, 35% of your credit score is based on payment history). The exact impact on your score will depend on your credit history before the late payments, among other factors. Credit damage can last years. Late payments can remain for seven years. #credit #creditreport #creditrepair #creditscore FREE credit consultations with Mike: text LIMITLESS to 877-516-2280 Subscribe to Mike the Credit Guy: https://www.youtube.com/channel/UCx-3sLMjglW_ydEwkvR1xbg?sub_confirmation=1 Follow Mike the Credit Guy: TikTok: https://www.tiktok.com/@limitlessculture Instagram: https://www.instagram.com/Limitlessculturegroup Facebook: https://www.facebook.com/limitlessculturegroup/ LinkedIn: https://www.linkedin.com/company/limitless-culture-group Twitter: https://twitter.com/LimitlessCultu1 Pinterest: https://www.pinterest.com/limitless_culture Find the links to everything I talk about in my videos as well as credit-building products, services, and resources: https://limitlessculturegroup.com/social-3 Credit Building Resources: Downloadable templates and DIY credit tools: https://cutt.ly/dispute-library Get your credit reports and FICO Scores: https://cutt.ly/my-score-iq-youtube Learn to travel 100% for FREE: https://cutt.ly/youtube-travel-free Credit & Debit Cards for Building and Rebuilding Credit: Amex Platinum Card: https://cutt.ly/amex-platinum-card-youtube Extra Debit Card: https://cutt.ly/1O1LGcv Tomo Card: https://cutt.ly/TO1XWgm Petal Card: https://cutt.ly/UO1VSNz Capital One QuicksilverOne Rewards Card: https://cutt.ly/oO1BO3M Step Teen Credit Builder Card: https://cutt.ly/GO1B1gN Credit Sesame Card: https://bit.ly/3roHLXK Destiny Mastercard: https://cutt.ly/mO1NhWU Other Credit Building Products: Self Installment Credit Builder: https://cutt.ly/self-credit-builder Greenlight Banking and Investing for Kids & Teens: https://cutt.ly/greenlight-investing-for-kids-and-teens-youtube About Limitless Culture and Mike Meza: Hi, I'm Mike. I established Limitless Culture with a singular objective, to improve creditworthiness and provide credit education for regular, everyday people with fun and engaging content, DIY products, and (for some because no everyone needs it) monthly credit repair services for people with specialty disputing needs. I want to empower working-class people and their families to be able to take control of their credit files the right way.