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Schmidlin

Does a paid account help Credit report?

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Hi, I have a question with regards to my credit reports, i'm not sure if this is the correct forum for it?

 

I currently have a Barclays credit card which is currently fully paid off and has been updated as of 15/12/2013 and shows my credit limit, but I was told that the account was shut and I needed to re-apply if I wanted to use it. I'm not too bothered about using it, but my questions is, does it currently help my credit status as it is? Or should I get rid of the account to boost my credit status?

 

Many thnks for your help.


Barclaycard-Reclaimed all charges-A/c Closed

Burtons-Reclaimed all charges-A/c Closed

Citifinancial-Default removed-A/c Closed

Halifax-Reclaimed all charges-A/c Closed

Capital One-Finally, Default removed-A/c Closed!!!

:roll:

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Hi, account closed balance £00.00? If so it will have no impact on credit status.


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Hi, Barclaycard says the account is closed and when I rang them a year ago they said I would need to re-apply if I wanted to use the account again, but the account on my credit files shows it as open, with a nil balance and updated on 15/12, so should I ring them to get it closed on my credit file, as it isn't helping my credit status? Or leave it as it helps my credit status?


Barclaycard-Reclaimed all charges-A/c Closed

Burtons-Reclaimed all charges-A/c Closed

Citifinancial-Default removed-A/c Closed

Halifax-Reclaimed all charges-A/c Closed

Capital One-Finally, Default removed-A/c Closed!!!

:roll:

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Open will a nil balance might be a good point possibly indicating it's paid off each month.

 

Personally I would recommend putting a request for closure in writing to BC given their drastically poor customer services.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Hi Schmidlin,

 

Despite what the CRA file shows, I suspect any attempt to use the card will be declined.

 

I doubt the a/c will currently have much impact on your CRA status, neither positive nor negative.

 

If you want to make a positive improvement to your CRA rating, you should use the credit card monthly but clear the balance in full each month. This will avoid interest chgs.

 

However, if you suspect asking them to reopen the a/c will be declined due to other adverse CRA data, you may be better NOT applying for now.

 

:-)


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Hi, thanks for replies, but I dont want use the card, as i dont want anymore credit, i cant use it at the minute as i dont have a valis card and dont want to ask for a replacement, i just wondered if it would be better to ask BC to close the account on my credit file (as I owe nothing) or leave it showing as open but with a nil balance?


Barclaycard-Reclaimed all charges-A/c Closed

Burtons-Reclaimed all charges-A/c Closed

Citifinancial-Default removed-A/c Closed

Halifax-Reclaimed all charges-A/c Closed

Capital One-Finally, Default removed-A/c Closed!!!

:roll:

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I doubt it'll make much difference if the a/c remains open or is closed, as far as your CRA files are concerned.

 

However, if you have no intention of using the card, I would write to BC and close the a/c.

 

Leaving it dormant makes no sense to me.

 

:-)


We could do with some help from you

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EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

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Prefect, I'll do that, thanks everyone for all your help.


Barclaycard-Reclaimed all charges-A/c Closed

Burtons-Reclaimed all charges-A/c Closed

Citifinancial-Default removed-A/c Closed

Halifax-Reclaimed all charges-A/c Closed

Capital One-Finally, Default removed-A/c Closed!!!

:roll:

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