what does it mean when items on your credit report say's acount status is closed?

Answer 1

That means you payed it off, hence the word closed. Its a shame you dont select best answers, it is great for me though

Answer 2

it can mean one of two things:

1. the Account was paid off completely by you and hence closed.
2. The Account was sold to a different lender company. In that case there will be another account with the similar information which is not closed.

Answer 3

Closed accounts are dead accounts that you may or may not still owe money on. Unless it says that it is Paid on time etc etc. As long as it is on your report you are supposed to pay it off unless it is over 3 years old and they have not tried to get the money from you. Bankruptcy is on there for 7 years others are on from 3-7 years.

Answer 4

Either the creditor went out of business or they gave up on ever collecting the money you owe so they closed the account.

Answer 5

It means that some thing wrong you did it about your credit account. you should go to your bank ask them,why they closed your account,and solve the problem.

Answer 6

1) the account is paid and closed by you
2) the lender closed the acc't due to delinquency, etc
3) you closed the acc't and are still paying on it

I would get the creditors number and call them to find out exactly what it entails.

Answer 7

That particular account or debt is closed, either from being paid off or charged off.

Answer 8

It means you don't have the account anymore. It's inactive/closed!

Answer 9

the account is closed

Answer 10

you can no longer put money into or take money out of that account