Closing an account do not affect your FICO score

Posted on 18, 2009 – 1: 27 am | by Ryan |

We are a military family and moved frequently.We had a bank account opening in our old town which never used but, since we both had to be present to close, simply never have closed. my husband paid a bill online a little, but clicked the wrong accounts and paid by mistake, outside this account did not have sufficient funds.

Since we never use the account each time you receive mail from them I just throw in this deck with a statement of the Bank and never see this.Then I took what seemed to be a notice of collection of the debt, which I found wierd, because we have great credit and not be over due for anything. Since overdrawl had no outside their closed account for 90 days. (I) course paid right away, but how badly this bank account closure affect our current credit and for how long?

Hello [name removed]
It sounds like I never went to a collection agency and the communication would only be from the Bank.Closing Bank and it does not adversely affect your credit established financial fee went into collections, however, does.

I think your best course of action would call Bank and kind to explain the situation just as you did in your email for me; you will usually find that small local banks are often useful with these types of situations; however, if this is a great Bank like race or Wells Fargo, your chances are slim that resolution; however, if the financial went into collections, will remain in your credit report for 7 years and will have a significant effect on your credit rating; for this reason, I strongly try to work with the Bank to ensure nothing is recorded on your credit report.

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