# of credit accounts- paid as agreed seen as a negative
On my Transunion report it states that i have 23 accounts as currently paid as agreed and they consider this a negative. 15 of these accounts were paid as agreed but are closed. Why is this a negative and negatively affects my score? Some are old vehicles that i no longer own or credit cards that i got rid of. Is there anything I can do about this?
Re: # of credit accounts- paid as agreed seen as a negative
I have the same red flag on my FICO TU report and I only have 12 accounts. Your score must be quite high? I have no idea why we have this negative message, its seems, well, pretty stupid. I have never been able to find an answer to this either.
Re: # of credit accounts- paid as agreed seen as a negative
If I send a dispute letter to the cra's and notify them that those accounts are paid in full and closed, will that make a difference? Could it possibly negatively affect my scores?
Re: # of credit accounts- paid as agreed seen as a negative
rew wrote: If I send a dispute letter to the cra's and notify them that those accounts are paid in full and closed, will that make a difference? Could it possibly negatively affect my scores?
You may run into a situation where the creditor may opt to delete the closed TL rather than to make changes. I wouldn't do it.
