Account Terminated but not categorized as Closed

[kathski]

I have been added to my husband's two first premiere account before as an additional user only (never gave them my ssn and did not request to be joint owner) to help build my credit. After his BK, the accounts got closed but they still show on all my reports under the Open accounts and not under Closed accounts.

Here's an example from my EX report:

Account owner: Terminated
Type: revolving
Opened: 12/2005
Last activity: 11/2010
Date closed: <none>
Current Status: Paid as Agreed

Account owner: Terminated
Type: revolving
Opened: 12/2006
Last activity: 11/2010
Date closed: <none>
Current Status: Paid as Agreed

are these affecting my scores then? or should i have them removed/updated from my report if first premiere will allow?

[Shogun]

Judging just by what you have there, it's not showing as a negative account and would just add to the AAoA of your CR.  You might want to pull a more detailed report on it, have you been to www.annualcreditreport.com to pull your report?

[kathski]

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@Shogun wrote:

Judging just by what you have there, it's not showing as a negative account and would just add to the AAoA of your CR.  You might want to pull a more detailed report on it, have you been to www.annualcreditreport.com to pull your report?

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yes, i actually got the info above from my experian report from annualcreditreport. All 3 reports shows these two first premiere as having pay status of paid/paid as agreed/current and responsibility/accoutn owner as terminated but they are lsited under current/open accounts and not under closed or negative/adverse accounts. my hsuband thinks its ok to keep it there as it might help improve my score but i am not sure if it will really help or not or make my score worse?

[RobertEG]

The report does not provide the current status, which is apparently blank, so it might be either open or closed.

They have reported Account owner: Terminated

That clearly implies to me a closed account.  Your CR is apparently lumping them under their open section based on lack of reporting data, but I would suspect the actual accounts have been closed.  Discharge of the debt by BK would mandate that.  Easy to update, if so inclined, but not a FICO scoring issue on the account.

Does the CR additionally show that the current balance of $0 came about as a result of its discharge by BK?

If so, that might raise some issues upon a manual review, and it might be worth it to get your AU status removed.  It appears to have potential negative implications beyond simple FICO scoring issues.

[kathski]

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@RobertEG wrote:

The report does not provide the current status, which is apparently blank, so it might be either open or closed.

They have reported Account owner: Terminated

That clearly implies to me a closed account.  Your CR is apparently lumping them under their open section based on lack of reporting data, but I would suspect the actual accounts have been closed.  Discharge of the debt by BK would mandate that.  Easy to update, if so inclined, but not a FICO scoring issue on the account.

Does the CR additionally show that the current balance of $0 came about as a result of its discharge by BK?

If so, that might raise some issues upon a manual review, and it might be worth it to get your AU status removed.  It appears to have potential negative implications beyond simple FICO scoring issues.

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i checked again, couldnt check my EX right now but here's what TU and EQ shows more:

EQ
Account owner: terminated
current status: pays as agreed
Amount past due: blank
Balance: blank
date closed: blank

TU
Relationship: Terminated
Pay status: Current; Paid or Paying as Agreed
Balance: blank

[Jutz]

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@RobertEG wrote:

The report does not provide the current status, which is apparently blank, so it might be either open or closed.

They have reported Account owner: Terminated

That clearly implies to me a closed account.  Your CR is apparently lumping them under their open section based on lack of reporting data, but I would suspect the actual accounts have been closed.  Discharge of the debt by BK would mandate that.  Easy to update, if so inclined, but not a FICO scoring issue on the account.

Does the CR additionally show that the current balance of $0 came about as a result of its discharge by BK?

If so, that might raise some issues upon a manual review, and it might be worth it to get your AU status removed.  It appears to have potential negative implications beyond simple FICO scoring issues.

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This was going to be my question, and further, if it didn't list BK anywhere, would or could a lender connect the dots?

[RobertEG]

Reading the credit report literally, it says the account owner was terminated!  I doubt that is so.......

There are obviously reporting codes underlying how the account was "terminated."  I would get a more comprehensive credit report, such as from annualcreditreport.com, and nail down how the account history was actually reported.  The terse reference to a termination does not paint the picture.