Credit Card Center Advertiser Disclosure†

General Credit Topics

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Do you mean 
Reply
Topic Options
Valued Member
ncyjse
Posts: 48
Registered: ‎06-02-2007
0 Kudos

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

‎06-27-2007 11:59 AM

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 (1,292 Views)
 
Reply
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0 Kudos

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

‎06-27-2007 01:34 PM

Are any derog?
 
 
Message 2 of 5 (1,271 Views)
 
Reply
Valued Member
ncyjse
Posts: 48
Registered: ‎06-02-2007
0 Kudos

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

‎06-27-2007 07:07 PM

Some of them have late payments but not chargeoff or collections. 
Message 3 of 5 (1,244 Views)
 
Reply
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0 Kudos

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

‎06-27-2007 07:44 PM

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 (1,233 Views)
 
Reply
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0 Kudos

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

‎06-28-2007 05:56 AM

Have you tried a GW letter?
Message 5 of 5 (1,205 Views)
 
Reply
POPULAR LINKS
Credit scores | Credit reports | myFICO Blog | Affiliates

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.