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Should monthly payments on closed and 0 balance accounts be disputed?

Member

Should monthly payments on closed and 0 balance accounts be disputed?

I have a number of accounts stating that there is a monthly payment of some amount (one of a couple hundred dollars) even though the account is closed. I don't know that this would effect the FICO score, but isn't this something mortgage lenders look at? Do I need to dispute these and have them set to zero?
1 REPLY
Senior Contributor

Re: Should monthly payments on closed and 0 balance accounts be disputed?

You need to contact the lenders and have them fax you proof that the accounts are paid in full, and at the same time have them update the credit reports. If they fail to update you at least have a fax proving it was paid to have it corrected through disputes.
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