/ Register

Reporting of Merged Accounts

Discussion in 'Credit Talk' started by Jugnoo, Mar 14, 2001.

  1. Mar 14, 2001 #1
    Jugnoo

    Jugnoo Well-Known Member

    I have a question for folks who have combined multiple accounts into one. How do the banks report the accounts (to the CRAs) after they have been combined. Is one of the accounts reported as "closed"?

    I have considered combining my two Capital One accounts into one. One was opened in Nov 1996 while the other was opened in May 2000. I'm worried that if I ask Cap One to combine the accounts, the older tradeline may disappear.

    Thanks.
     
  3. Mar 14, 2001 #2
    Momof3

    Momof3 Well-Known Member

    Re: Reporting of Merged Accoun

    I think it may state transferred, I did this with my Citi cards but haven't seen the results yet.
     
  4. Mar 14, 2001 #3
    GEORGE

    GEORGE Well-Known Member

    Re: Reporting of Merged Accoun

    Probably would say "CLOSED AT CONSUMERS REQUEST" BALANCE $0

    MIGHT SAY TRANSFERRED doubt it though.

    KEEP THE OLDEST ACCOUNT...(even though an account that is newer than two years old is bad also, to a point).
     
  5. Mar 15, 2001 #4
    Jugnoo

    Jugnoo Well-Known Member

    Re: Reporting of Merged Accoun

    Thanks very much.
     

Share This Page