Credit Reports

What does it mean when an unpaid account is closed on your credit report?


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2005-10-10 01:30:37
2005-10-10 01:30:37

that it has been closed by either you or the company- either way it shows as a negative in your report


Related Questions

How do I report an unpaid bill to a credit bureau?

Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.

Is a credit balance in a vendor subsidiary account an unpaid balance owed?

Unpaid traffic tickets are not reported to the credit bureaus.

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.

Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.

Not by much. It's more important to your score to pay it in a timely manner.

If the debt originated after December 1997; it may remain on your credit report for 7 years plus 180 days from the last time it was paid on time.

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?

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An unpaid tax lien will remain on your credit report for 10 years from the date it's filed. A paid tax lien will remain on your credit report for seven years from its date of filing.

Like other late payments reported to a credit reporting agency, an unpaid medical bill may stay on a credit report for up to seven years.

Unpaid medical bills are on your credit score until they are settled with the company that issued the bills or written off of the credit report. This could be for many years if you are making payments on the account or might end more quickly if you have declared bankruptcy.

Yes. Some institutions/businesses do not report to credit bureaus. The debt not being placed on a credit report does not mean it is not completely valid and collectible.

It will raise your score slightly. If you don't settle a delinquent account, the verbage on your credit report may read: "collection account", or "unpaid collection account". However, if you settle, the report may read "settled". By settling with the debt collector, you have made an attempt to fulfill your financial obligation. Therefore, your score will raise slightly.

Yes, they can. But, usually it can be removed by the credit bureau once its proven to be a duplicate entry of the same debt.

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If the landlord goes to court to obtain a judgment on the unpaid two months rent, this will show up on your credit report. Any time an account is unpaid, in collections, judgment or late, your credit report will take a hit. This may hinder you from obtaining another apartment as that information may be listed under adverse which can remain on your credit report for 7 years.

In finance, an open account is a banking account that has an unpaid amount of money associated with it. The most common unpaid balances on accounts are mortgages and credit card debt.

Yes it is, right under the hospital's name. Generally, paid and satisfactory hospital bills do not show on a consumer's credit report. Unpaid bills that go to a collection agency are frequently reported. Most hospitals and medical providers have existing arrangements with collection agencies that processes unpaid bills rather quickly.

as long as it remains a part of your credit report, 7 years.

items will remain on your credit report 7 years from the date of last activity. What that means is if the account was already 6 years on your report but it was sold to another company it could remain on your report for another 7 years based on activity

An unpaid tax lien will stay indefinitely, paid for seven years.

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