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IrishMom77
Brothers!!
Member since 8/05 3498 total posts
Name:
Roseann
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Removing closed accouts from credit report
I was just looking over my credit report and there are a few cresit cards on there that I closed in 2000 or 2001. How do I get them removed? I feel I have so many entries on my credit report!! (30 to be exact!!)
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Posted 4/13/06 12:53 PM  |
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Long Island Weddings
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LadyMaravilla
Fall Is Here
Member since 5/05 12023 total posts
Name:
Sonia
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Re: Removing closed accouts from credit report
there should be contact numbers that you can call on the report itse;f. Call those numbers and make sure the accts are closed. Call and ask how they can be removed from your credit report.
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| Posted 4/13/06 12:57 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Removing closed accouts from credit report
NEVER remove credit accounts from your credit report. Especially older ones! Removing old credit accounts accomplishes nothing.
One of the biggest factors of determining a credit score is LENGTH OF CREDIT HISTORY. They get this by seeing how many "older" accounts you have.
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| Posted 4/13/06 1:03 PM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: Removing closed accouts from credit report
Posted by DjPiLL
NEVER remove credit accounts from your credit report. Especially older ones! Removing old credit accounts accomplishes nothing.
One of the biggest factors of determining a credit score is LENGTH OF CREDIT HISTORY. They get this by seeing how many "older" accounts you have.
Yes! I'm pretty young so more often than not if I get rejected for something it's a "length of credit" problem.
Plus, I didn't think you could get stuff removed, I thought it had to age off
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| Posted 4/13/06 1:05 PM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Removing closed accouts from credit report
dont remove them...jsut make sure they say "Closed as per customer request"
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| Posted 4/13/06 1:05 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Removing closed accouts from credit report
Posted by Lisa
dont remove them...jsut make sure they say "Closed as per customer request"
You shouldn't close them either.
Another factor in determing a credit score is your percentage of credit owed comparted to available credit.
If you owe 1k on a 2k limit credit card. And you also have a 8k credit card with no balance.... you currently are at 10% debt owed.
If you decide to close that 8k credit card... your available credit drops to 2k... and you are now at 50% debt owed. Very bad!
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| Posted 4/13/06 1:07 PM |
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dm24angel
Happiness
Member since 5/05 34581 total posts
Name:
Donna
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Re: Removing closed accouts from credit report
well As far as I know you cant remove them. And second, even if they are not the best accounts ( meaning payment wise) they still are there to help your credit, like DJ said. You should want to KEEP them there.
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| Posted 4/13/06 1:34 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: Removing closed accouts from credit report
As much as Phil is correct, he is also incorrect as Banks do not want to fund more money then you could possible owe and pay back
For example, you have 10k in open credit, the bank will not want to fund another 10k (20k total open) and then not be able to pay back the money. The "POTENTIAL" of spending X amount hurts you....
Message edited 4/13/2006 1:39:23 PM.
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| Posted 4/13/06 1:39 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Removing closed accouts from credit report
Posted by BabyBoy
For example, you have 10k in open credit, the bank will not want to fund another 10k (20k total open) and then not be able to pay back the money. The "POTENTIAL" of spending X amount hurts you....
Yes but the potential doesn't hurt nearly as much as closing older accounts or increasing your debt to available credit ratio.
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| Posted 4/13/06 1:40 PM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Removing closed accouts from credit report
Posted by DjPiLL
Posted by Lisa
dont remove them...jsut make sure they say "Closed as per customer request"
You shouldn't close them either.
If they are already close, which is what the poster said in the beginning, they should read "closed as per customer request"
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| Posted 4/13/06 1:54 PM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: Removing closed accouts from credit report
I agree with the other posters, you are supposed to have closed accounts say: "closed as per customer request"
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| Posted 4/13/06 2:08 PM |
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IrishMom77
Brothers!!
Member since 8/05 3498 total posts
Name:
Roseann
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Re: Removing closed accouts from credit report
Good to kno!! Thanks everyone
Adn yes they all do say "Account closed by customer/Payments never late" so I guess its good that it says that!
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| Posted 4/13/06 2:26 PM |
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