I just noticied my EQ CR has a duplicate entry of one of my secured loans. I see they added the loan into my credit report in APR 03 when I opened the account, but then in MAY 03 added a new entry and then they have been updating the second entry with my payments and balances. My EQ CR says the inital entry from APR 03 is closed (no balance and no loan amount.) My question to you is, should I have this removed or would it benefit me to keep this closed account on my CR? WESCOM CU Installment 52XXXX 04/2003 $0 04/2003 $0 PAYS AS AGREED Secured CLOSED ACCOUNT WESCOM CU Installment 52XXXX 05/2003 $495 07/2003 $0 PAYS AS AGREED Secured OPEN ACCOUNT
I"m no expert, but i have the same thing on my CR, and i'm leaving it on there. If it was a closed CC account, I'd get it removed, but since its an installment loan, I'm pretty sure its a good thing to leave it alone. Its just another positive TL on your reports, right?
1*My question to you is, should I have this removed or would it benefit me to keep this closed account on my CR? func15 ~~~~~~~~~~~~~ 2*Its just another positive TL on your reports, right? crowmom --------------------- =================== 1*Depends on who closed it. 2*If the poster closed it yes. No if closed by creditor.
Can you tell me the difference between the poster and creditor? Isn't that the same thing? And how can I found out this infomation? Thanks to all who have responed!
Re: Re: Duplicate loan entry quote: -------------------------------------------------------------------------------- Originally posted by lbrown59 =================== 1*Depends on who closed it. 2*If the poster IE You the Consumer closed it yes. No if closed by creditor. -------------------------------------------------------------------------------- Can you tell me the difference between the poster and creditor? Isn't that the same thing? And how can I found out this infomation? Thanks to all who have responed!
Re: Re: Duplicate loan entry * poster = you, you posted the message * creditor = the place/person that granted u the line of credit.
Re: Re: Re: Duplicate loan entry The creditor was the one who closed the account. So should I leave it or remove it? Thanks for the clarification.
