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insolito
Posts: 2
Registered: ‎09-18-2012

Question about closed bank account & ChexSystems

I had a bank account that was closed with a -$300 balance. The debt was sold to a CA (turning point capital). This item is not on my credit report.

 

I have 2 questions.

 

1. Do bank account debts and history not affect the credit score? Do they report to ChexSystems instead of FICO? or both? Am I just lucky this hasn't hit my credit report yet?

 

2. If I pay the CA and not the original debt holder (the bank), will that get reported to chexsystems improving my score with them? 

 

Thanks... I'm a newbie here so sorry if this has already been addressed somewhere.

 

Moderator
Shogun
Posts: 12,902
Registered: ‎04-15-2011

Re: Question about closed bank account & ChexSystems

[ Edited ]

insolito wrote:

I had a bank account that was closed with a -$300 balance. The debt was sold to a CA (turning point capital). This item is not on my credit report.

 

I have 2 questions.

 

1. Do bank account debts and history not affect the credit score? Do they report to ChexSystems instead of FICO? or both? Am I just lucky this hasn't hit my credit report yet?

 

2. If I pay the CA and not the original debt holder (the bank), will that get reported to chexsystems improving my score with them? 

 

Thanks... I'm a newbie here so sorry if this has already been addressed somewhere.

 


1.  Yes they do affect it.    They often report to both.  You are lucky.

2)  Paid will make a differnce if you go to open a new account.  You can also pull your report from Chexsytems and see what it says.


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