Quote:
Originally posted by LoveMyKeyKKG
Does it look bad on your credit report to have a closed acct? I don't want it to appear as if the accounts were closed by the creditors because I was a bad account holder.
|
It really only affects you if you have a bunch of accounts that were closed in a short time frame. Other than that there isn't much to worry about because most creditors realize that people open and close accounts frequently.
From what I'm aware, there is only a notation placed on a closed account when the creditor closes it. It will usually give a reason as to why (fraud related, identity theft, bankruptcy, legal proceedings, death, etc.) Your score will only be hurt if the creditor closed the account because the holder of the account went into default, the account defaulted itself, if the company takes legal action against you or if you file for bankruptcy.
Other than that you should be good to go.
Hybrid Mode
