Closed accounts count towards total credit?

[itspaul]

I have a 3 closed revolvers that are counting towards my total CL.
They have a zero balance, but it's helping in my favor to lower my utilization.
This is through Credit Karma so I'm not sure it's a specific to CK or TU?

[DaveInAZ]

CK / Vantage 3 doesn't even show you closed accounts, so you must be misinterpreting something. And closed accounts don't count towards total CL on any credit reports from any CRA.

[FireMedic1]

Not to be right. CK does show closed accounts. Its under total accounts when you click on 1 of the CRA's and a little title "closed accounts". If these accounts are closed and 0 balance. They're not factured into your util OP like @DaveInAZ  posted.

[itspaul]

To better clarify:
On CK the TU is factoring in 2 terminated AU towards the total credit.
The EQ is not factoring those terminated AU in.

Neither one is factoring in the closed accounts

[DaveInAZ]

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@FireMedic1 wrote:

Not to be right. CK does show closed accounts. Its under total accounts when you click on 1 of the CRA's and a little title "closed accounts". If these accounts are closed and 0 balance. They're not factured into your util OP like @DaveInAZ  posted.

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 Oh geez, I never noticed that little title "closed accounts", but I don't use or like CK much. And maybe I'm confusing that Vantage scoring doesn't include closed accounts in your Average Age of Accounts like Fico does.

And @itspaul CK's TU might be including those terminated AU accounts in your total CL because the CC issuer never reported them terminated to TU.

[FireMedic1]

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@DaveInAZ wrote:

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@FireMedic1 wrote:

Not to be right. CK does show closed accounts. Its under total accounts when you click on 1 of the CRA's and a little title "closed accounts". If these accounts are closed and 0 balance. They're not factured into your util OP like @DaveInAZ  posted.

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 Oh geez, I never noticed that little title "closed accounts", but I don't use or like CK much. And maybe I'm confusing that Vantage scoring doesn't include closed accounts in your Average Age of Accounts like Fico does.

And @itspaul CK's TU might be including those terminated AU accounts in your total CL because the CC issuer never reported them terminated to TU.

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Its all good bro. Only good for alerts and thats about it. Ha!

[iv]

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@DaveInAZ wrote:
 Oh geez, I never noticed that little title "closed accounts", but I don't use or like CK much. And maybe I'm confusing that Vantage scoring doesn't include closed accounts in your Average Age of Accounts like Fico does.

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Nope... Vantage does include closed accounts in AAoA, just like FICO does: https://your.vantagescore.com/resource/81/

CK doesn't include them in their fluff display calculations. CK is wrong.

[itspaul]

I'm not able to upload a screen shot, but the 2 terminated AUs show as zero balance and their CL are counting towards my total CL.
When I expanded out the trade lines, they show terminated.

[iv]

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@itspaul wrote:
I'm not able to upload a screen shot, but the 2 terminated AUs show as zero balance and their CL are counting towards my total CL.
When I expanded out the trade lines, they show terminated.

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It doesn't matter how CK decides to display data in their summary screens... none of that actually affects how scoring (Vantage, FICO, or other) is actually calculated.

And a former AU card reporting as "Terminated" does not count towards your total limits for utilization in any major scoring system.  It will continue to count towards AAoA, unless and until it's deleted from your reports.

[SouthJamaica]

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@itspaul wrote:
I have a 3 closed revolvers that are counting towards my total CL.
They have a zero balance, but it's helping in my favor to lower my utilization.
This is through Credit Karma so I'm not sure it's a specific to CK or TU?

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Closed accounts with zero balance do not count towards your total credit limits.