@Anonymous wrote:
My first credit card ever is a bank of america card. After two years of having it, I received the bank of america cash reward card offer. At that time, I did not know anything about credit, I always thought my credit is great because I always pay on time in full. So I closed my first credit card ever, then accepted the offer. Here is the interesting part, on my experian and equifax, it shows my first card was closed. But on my transunion, it shows account status is open, but under responsibility, it says terminated. I tried to dispute this inaccuracy on my credit report with transunion, countless times, no success. I reported to bank of america countless times, it always ends in a letter from them saying we have completed our investigation and we reported all of your current and closed accounts accurately. After almost 3 months of struggle including at least a phone call during my lunch break, it came to a situation where many bank of america phone supervisors remembered me and told me automatically when they are on the phone with me that there is nothing they can do regardless how many times I call them. I think I have to stop even though I do not want to stop, there is clearly something wrong on my credit report but no one allows me a fair dispute. Last year, I started research on credit, then I learned that credit history is super important and I should not close my oldest account. But the funny thing is, the inaccuracy on my credit report is actually helping my credit history and credit score because my transunion credit history is 1 year and 3 months older than my experian and equifax because my oldest shows open status on transunion, even though I clearly closed that account. The lesson of the story, I will never dispute that inaccuracy again, and I thank bank of america and transunion for not investigating this error. The result, transunion score is about 15 points higher in credit karma, about 7 to 10 points higher in real score from month to month.
For people who do not like to read or who only want to read part of a paragraph, please ignore my story.
For people who read the story in full, I welcome and thank all comments.
The Credit Karma scores are NOT FICO scores.
Your age of oldest account and average age of accounts in FICO are not affected by closing an account. Closed accounts continue to be reported in your credit reports until they fall off, which is usually many years down the road.
Were you an authorized user or primary responsibility on the closed card that now shows "terminated" on your TU report?
