I was informed by a My Fico customer service rep that closed or transferred accounts ...whether negative or not ...will have a negative impact on your credit score. Is that true? If true, that would seem egregious simply due to one's lack of control over whether an account is sold. These type of things happen all the time in business when accounts (or even entire businesses) are either sold. Does anyone have any thoughts or information on this? thanks!!
What I believe they are saying is that any derogs or delinquencies reported under the account wont go away due to closing of the account or its sale to another creditor.
The account is closed, so further derogs cant be added.
