This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Dr. John Deloney.

Aaron is starting us off in Salt Lake City, Utah.

Hi, Aaron.

Welcome to the Ramsey Show.

Hey, Dave and John.

It's a pleasure to speak with you today.

You too.

What's up?

So my wife and I are getting really close to getting out of our student loan debt,

and we're really looking forward to living the debt-free lifestyle.

Cool.

And we're just curious, we still have a couple credit cards open, and we just want to know

like how that works in closing those down and how long is the process it takes to basically

get rid of your credit history and credit score.

Well, your history will stay with you seven years from the date of last activity on each item,

10 years if the item was a Chapter 7 bankruptcy.

So if you close that credit card account, that account will show up for seven years,

but it'll get obviously progressively older.

And when someone looked at your credit bureau report, they could tell, hey, they closed that,

they closed that credit card five years ago. And so it really doesn't start to count in any way

for you against you or anything after a couple of years, but it still shows up. Now, that's the

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