Closed/Open

[seductive_tee]

Which is better on your credit report?

Closed by individual once paid

or

Oepn with zero balance

[Pamalicious]

Originally posted by seductive_tee
Which is better on your credit report?

Closed by individual once paid

or

Oepn with zero balance

Depends. I have some closed by individual once paid and my realtor told me they don't really look at it. They want to see some moving revolving credit. A zero balance can actually hurt you if there is no activity. (Can you believe it) having open credit but with the illusion you are scared to use it doesn't give a lendor a gage on how you pay your bills.

If you have history as in say it's an Amex Express and you pay your balance in full every month and so your balance is zero that looks good. Even if it's not an Amex. But they still want to see if your debt to credit ratio looks good.

I have some stuff closed as chargeoff but the mofo's put I don''t owe them anything as in an outstanding balance so that shit is gonna slide believe it or not. If the tradeline had of said charge off and I am $500 in arrears that messes you up but mine says like I owe them $1000 but my outstanding balance is 0 - go figure, lol

[dns70]

it Open with a Zero Balance...

[D2daO2da]

check your credit reports.

I had a creditor reporting "Unable to Identify, Possible Bankrupcy" That alone was negative enough for me.

I had it removed ASAP.

If you have zero balances have them removed.

http://www.carreonandassociates.com/

I been using this site to clean mine up.

Dizzle