Does anyone know if a current closed by consumer account affect your fico score?
I notice that some of my closed accounts do not have the credit limit listed does this matter?
1.) An account notated as closed by the consumer has no affect on your FICO scores so long as there is no balance and no late payments and the account is in good standing. Same applies if the account is closed by the creditor. With the later, even though scores are not affected, having a closed account report this way might raise some questions during a manual review with a lender...but this has never happened to me when I was apping for mortgages last year.
2.) Closed CC accounts with balances should show CL's because these will factor in FICO utilization percentage calculations while closed CCs without balances do not factor in utilization percentage calculations. Just make sure any closed account is in good standing and does not have a balance or late payments reporting.
