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What mean ( Pay status: current) if the account is closed

Valued Member

What mean ( Pay status: current) if the account is closed

I have many old account some in goodstanding others not that have on Pay status:  Current  ( and I no longer have their card  and some are installment loans.  Is this bad or good for your credit.  Should I dispute the status?
Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: What mean ( Pay status: current) if the account is closed

Are any derog?
 
 
Message 2 of 5
Valued Member

Re: What mean ( Pay status: current) if the account is closed

Some of them have late payments but not chargeoff or collections. 
Message 3 of 5
Moderator Emeritus

Re: What mean ( Pay status: current) if the account is closed

Current is what you want on accounts.
 
If an account is marked "current" the baddies drop off at 7 years and continues to report as a positive TL
 
If it is marked with a derog status it will get deleted whe DOFD passes.

ncyjse wrote:
I have many old account some in goodstanding others not that have on Pay status:  Current  ( and I no longer have their card  and some are installment loans.  Is this bad or good for your credit.  Should I dispute the status?



Message 4 of 5
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Moderator Emeritus

Re: What mean ( Pay status: current) if the account is closed

Have you tried a GW letter?
Message 5 of 5