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Macys credit card drops off report early ??? UPDATE

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Meanmchine
Super Contributor

Macys credit card drops off report early ??? UPDATE

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 1 of 8
7 REPLIES 7
M_Smart007
Legendary Contributor

Re: Macys credit card drops off report early ???


@Meanmchine wrote:

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday


@Meanmchine,

 

You cannot rely on wallethub or credit karma, as they use Vantage 3.0

Also the data can be erroneous or false.   ..You should know better!Smiley Tongue

check on TU's FREE site "https://www.transunion.com/annual-credit-report"

or pull from https://www.annualcreditreport.com/index.action

 

"I always thought that the closure reason was only a *note* and had no impact on score."

FYI: *notes* have ZERO impact on score or approval's ..such as "Closed by lender".

 

 

 

Message 2 of 8
Adkins
Legendary Contributor

Re: Macys credit card drops off report early ???


@Meanmchine wrote:

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday


An account can remain on your report for up to 10 years, but it's not guaranteed. It could stay longer or get removed earlier. I've had both happen to me. 


Last HP 08-07-2023



Message 3 of 8
Meanmchine
Super Contributor

Re: Macys credit card drops off report early ???


@M_Smart007 wrote:

@Meanmchine wrote:

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday


@Meanmchine,

 

You cannot rely on wallethub or credit karma, as they use Vantage 3.0

Also the data can be erroneous or false.   ..You should know better!Smiley Tongue

check on TU's FREE site "https://www.transunion.com/annual-credit-report"

or pull from https://www.annualcreditreport.com/index.action

 

"I always thought that the closure reason was only a *note* and had no impact on score."

FYI: *notes* have ZERO impact on score or approval's ..such as "Closed by lender".

 

 

 


Just checked ACR and the TL is missing from  my TU report.

Checked CK-EQ and the TL is still reporting there.

Checked EX directly and TL is still reporting

 

<smiles at the Burns'>

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 4 of 8
Meanmchine
Super Contributor

Re: Macys credit card drops off report early ???


@Adkins wrote:

@Meanmchine wrote:

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday


An account can remain on your report for up to 10 years, but it's not guaranteed. It could stay longer or get removed earlier. I've had both happen to me. 


This account is 15 years old.  Im gonna try to get it reinstated.

 

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 5 of 8
SouthJamaica
Mega Contributor

Re: Macys credit card drops off report early ???


@Meanmchine wrote:

Got an alert from WalletHub stating my closed Macys account dropped off my TU report

 

Screenshot 2023-06-02 at 23-57-08 WalletHub.png

 

This account was closed with a zero balance with no negative dings ever.  The account was closeed January 2016 so it should have remained on my report til 2026.  The account was closed with a $100 credit limit having been balanced chased.  The only "negative" reason I can think of is that the account was closed by lender. I always thought that the closure reason was only a *note* and had no impact on score.

 

Any ideas?

 

I will call TU on Monday


It is a commonly believed myth in this forum that closed accounts must remain on your reports for 10 years. It is simply not true. Closed accounts can be dropped from the reports at any time.

 

I once had five (5) accounts, each closed from 1 to 2 years, dropped from my Equifax report.  One of them was among my oldest. As a result, the AAoA on my EQ report is always 6 months less than the other two.

 

There are many reports of closed accounts being dropped long after the passage of 10 years, and many of them being dropped much sooner.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 6 of 8
Meanmchine
Super Contributor

Re: Macys credit card drops off report early ???

@SouthJamaica 

 

Pooh Smiley Sad

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 7 of 8
Meanmchine
Super Contributor

Re: Macys credit card drops off report early ??? UPDATE

Called TU this morning and they confirmed that this account is back on my report where it belongs Smiley Happy  He also confirmed that the removal date is 2025  Smiley Happy

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 8 of 8
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