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I closed credit one and reporting

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Sbrooks1
Valued Contributor

I closed credit one and reporting

Closed credit one last month paid to zero and closed, just reported to bureaus as closed and paid loan? What, and does this matter ? Dropped my score 5 points but I expected that. My other cards I closed reported as cc closed at consumer request , I don't want a dispute as about to app for mortgage so suggestions! And again does that reporting effect my score at all
Message 1 of 6
5 REPLIES 5
RobertEG
Legendary Contributor

Re: I closed credit one and reporting

How did they report a closed loan when you closed a credit card?

They would report the account as closed.

Is the issue that they changed the type of credit from revolving to installment?

Message 2 of 6
Sbrooks1
Valued Contributor

Re: I closed credit one and reporting

Can I screen shot here? It says on my fico paid loan. How can I screen shot and post here?!!
Message 3 of 6
Sbrooks1
Valued Contributor

Re: I closed credit one and reporting

It says account updated credit one bank
Amount 0.00
Status paid loan
Message 4 of 6
Sbrooks1
Valued Contributor

Re: I closed credit one and reporting

It is reporting that way in both ex and EQ, no update yet on TU
Message 5 of 6
sarge12
Senior Contributor

Re: I closed credit one and reporting


@RobertEG wrote:

How did they report a closed loan when you closed a credit card?

They would report the account as closed.

Is the issue that they changed the type of credit from revolving to installment?


Robert...I have been reading a lot of your posts, and how you help all these people with credit laws. May I ask, ar you an attorney?, or have you just done extensive research on credit law? Just curious, and in any case I now know who to ask if I have anything weird happen to my CR!!!

TU fico08=812 07/16/23
EX fico08=809 07/16/23
EQ fico09=812 07/16/23
EX fico09=821 07/16/23
EQ fico bankcard08=832 07/16/23
TU Fico Bankcard 08=840 07/16/23
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 6 of 6
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