cancel
Showing results for 
Search instead for 
Did you mean: 

FICO impact of account code "Closed by consumer" when account reports as open?

tag
Anonymous
Not applicable

FICO impact of account code "Closed by consumer" when account reports as open?

TU somehow managed to add an account code / remark of "Closed by Consumer" to a credit card account that is still open with the creditor and has a status of "Open" in TU's system as well.  The credit card company was very nice about submitting a mid-cycle update which will hopefully eliminate this notation.

 

My question in the meantime is, will the FICO model "read" this as a closed account because of the account code, or does it disregard these notations?

Message 1 of 2
1 REPLY 1
Revelate
Moderator Emeritus

Re: FICO impact of account code "Closed by consumer" when account reports as open?


@Anonymous wrote:

TU somehow managed to add an account code / remark of "Closed by Consumer" to a credit card account that is still open with the creditor and has a status of "Open" in TU's system as well.  The credit card company was very nice about submitting a mid-cycle update which will hopefully eliminate this notation.

 

My question in the meantime is, will the FICO model "read" this as a closed account because of the account code, or does it disregard these notations?


Disregards them.




        
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.