Account deleted score drops 29 pts.

Why would you dispute a balance on a closed account. Was this account negatively affecting your credit score in some way?

 

Well, I tell ya, I decided to use this little trick of theirs for my benefit. I always valued the fact that Direct Merchant's Bank didn't seem to report. Then, boom! They did it. My hidden credit line was exposed for everyone to see.

I had negotiated a low rate, high limits, and was carrying a pretty good balance because they had given me a special rate for BT. I paid off the balance. Then I waited for them to report again. They didn't. It's been over 6 months. So, I disputed that the balance was not correct.

Voila!! My hidden credit line is hidden again. LOL. I would say, take your disputes about details to the issuer if you want it corrected, but you also want it to stay on your report.

If you want it deleted (hidden lines are wonderful) dispute some little detail and wait for it to disappear.

breeze

 

A revolving account that is closed, but still showing a balance, negatively affects your balance to limit ratio.

 

I am sorry to hear this - but not surprised. I did something similar on TU...

One out of 30 positive tradelines(open & closed) was listed as "unrated". I got the impression from the board that there is a negative conotation to "unrated". The account was disputed as "Paid, never late". TU deleted the account so fast it was unbelievable. My score dropped 15 points.

Jim

 

You have to get the original creditor to put it back on or so they told me. I did that with one Equifax deleted but I have two more to try to get put back on.