Just received my husband's Equifax. There is a Bank of America account on it that shows opened, 11/89 (don't think this is his account as I know he did not apply for any credit in 1989) and shows a last activity date of 8/92 and also a last report date of 8/92. Shows the account sold/transferred with a R1 rating. Shouldn't this have fallen off in 1999? Just thought this was odd.
accounts that are in good standing can stay on up to 10 years or perhaps more. The seven year rule applies to bad debts or negatives only.
