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The general rule is "paid" means the account has been, well, "paid." Closed means the account has been closed or written off by the original creditor. This could mean they gave it up as being uncollectable or they have sent it to a collection agency or sold it to a third party creditor.
What else can I help you with?
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
What is the difference between a consumer credit report and a residential mortgage credit report?
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
For how long closed credit cards stay on my credit report?
only like 5 months -andrea It must depend on the type of credit report. My 2007 CSC Mortgage Services report has credit card accounts on it that I closed in 1997. No late payments, no negative marks. Just listed there as a closed account. -Lee
Is it bad for your credit if old credit card accounts are closed by the creditor and not by you?
It is considered a derogatory mark on a consumer's credit report to have the notation "closed by credit grantor" rather than "closed by consumer".
What is the difference between hard and soft inquiries on a credit report?
Hard inquiries occur when a lender checks your credit report as part of a credit application, potentially affecting your credit score. Soft inquiries are when you check your own credit report or when a company checks your credit for promotional purposes, not affecting your credit score.
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
What is the difference between a consumer credit report and a residential mortgage credit report?
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
For how long closed credit cards stay on my credit report?
only like 5 months -andrea It must depend on the type of credit report. My 2007 CSC Mortgage Services report has credit card accounts on it that I closed in 1997. No late payments, no negative marks. Just listed there as a closed account. -Lee
Is it bad for your credit if old credit card accounts are closed by the creditor and not by you?
It is considered a derogatory mark on a consumer's credit report to have the notation "closed by credit grantor" rather than "closed by consumer".
What is the difference between hard and soft inquiries on a credit report?
Hard inquiries occur when a lender checks your credit report as part of a credit application, potentially affecting your credit score. Soft inquiries are when you check your own credit report or when a company checks your credit for promotional purposes, not affecting your credit score.
What does it mean when an unpaid account is closed on your credit report?
that it has been closed by either you or the company- either way it shows as a negative in your report
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your 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.
How long does a paid credit card account that has been closed stay on your credit report?
Forever, since it looks good on your report.
What is the difference between a hard inquiry and a soft inquiry on a credit report?
A hard inquiry is when a lender checks your credit report as part of a loan application, potentially affecting your credit score. A soft inquiry is when you check your own credit report or when a company checks your credit for promotional purposes, not affecting your credit score.
Is information on open and closed account included on your credit report?
yes
What is the difference between your credit score and your beacon score?
Your beacon score is basically an equifax branded FICO score, there is no difference except that a beacon score uses data found in your equifax credit report only. So if data furnishers do not report to equifax it will not appear on their credit report and thus this information will not be reflected in your beacon score.
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
