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Question By
mylazydaisy

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I closed an account in November. my report still states a balance with late payments.
My score dropped because of this. What can I do?

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Top Contributor
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When the account was closed, did it have a balance or did you pay it off completely (not a settlement)?  If you paid it in full and it still shows a balance, contact the creditor and demand they fix this.  Also contact the credit bureaus and tell them to verify the accounts.  By law, the account can still report for 7 & 1/2 years from the date it is paid off, but should show a zero balance.  Good luck!

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