Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
silverone62

0 Contributions
0 People Helped
how to close account with 0 balance account so it will come off my credit report?
I have 4 credit account I have paid off and don't use anymore, Why is I still being pennalize for close account with no activity on them? Will getting them off my credit account help my credit score more?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
2 People Helped
Most Helpful Response

Helpful to 1 out of 5 people

My understanding is that the reporting of closed or inactive accounts remains in effect for whatever length of time is indicated in the state you live in.  For example: bankruptcy typically is on your report for 10 years, after which it disappears completely.  Credit accounts may stay forever.  If the accounts are not actually closed, then use them for a purchase or two, make 2-3 payments to pay back off.  Not only does it show you are responsible with the credit given, it also helps to improve your score by showing a low debt to income ratio versus your ratio being out of balance.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.