CLOSED account status
Q: What does "CLOSED account status" mean, and how long can this stay on your credit report?
A: CLOSED can mean few things, but normally, CLOSED accounts are accounts that are no longer available for further use. Closed accounts may or may not have a zero balance. Delinquent closed accounts normally stay for seven years from the date they are reported closed, whether closed by the creditor or by the consumer. Closed accounts with no delinquencies stay on your credit report for 10 years.
Wed Jan 23, 2008 10:01PM by Tony | More in Credit Repair | Comments (0)
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