Yes and they do this often. If your score is lower than before, they may up your interest rate. If your score is higher or still the same, they may offer you additional cards, balance transfer offers, etc. This is part of standard credit card terms. Even if the account is closed they can do this. This is how we all get those credit card offers that say pre-approved, etc. It does not affect your credit score. It's a soft inquiry.
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
It happens and can be disputed. Call you credit card company or credit agencies.
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
that it has been closed by either you or the company- either way it shows as a negative in your report
Credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
It happens and can be disputed. Call you credit card company or credit agencies.
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
that it has been closed by either you or the company- either way it shows as a negative in your report
If a credit card is closed it cannot have a balance. Just because you have stopped using the ard you cannot declare the account closed. If you owe even one penny, the account is open and the credit card company can 'report a 30 day late'
No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
You have to contact the company (by mail)who initally issued you the credit. If the account is paid and closed they should remove it from your credit report, upon your written request.Hope this helps.
You cannot delete accurate credit report information, such as payment history or account status. However, negative information that is inaccurate or outdated can be disputed with the credit bureaus to have it removed. It's important to regularly review your credit report and address any inaccuracies promptly.