Double reported account closure, no credit history

Will my credit score go up if a closed account is removed?

Having a closed account removed from your report may not affect your score, but in many cases, it is wise to leave accounts in good standing on your report, as they could have a positive impact overall.

Why did my credit score go down when a closed account was removed?

Your credit utilization may have increased

If you pay off a credit card debt and close the account, the total amount of credit available to you decreases. As a result, your overall utilization may go up, leading to a drop in your credit score.

Do closed accounts still affect your credit score?

Regardless of whether it’s a loan or credit card, a closed account can still affect your score. According to Equifax, closed accounts with derogatory marks such as late or missed payments, collections and charge-offs will stay on your credit report for around seven years.

Can an account be reported twice on credit report?

There may be several reasons an account may appear to be on your Equifax credit report more than once. Some lenders and creditors issue different types of accounts using similar account numbers, which may look like the same account.

Can a collection be reported twice?

Some debt collectors may try to report a debt on a consumer’s credit report twice. Doing so can make a single bad debt hurt twice as much. Though some consumers may have multiple debts owed to the same debt collector or creditor (which can be reported separately), each debt can only be reported one time.