I opened a checking account 4 years ago with another bank and used it for about 1 year. I use my other bank primarily and for the last 2 years havn't used the newer account. I have less then 100$ in the newer account and I just never use it. Is that damaging to my credit?
2007-11-06 03:29:11 · 5 answers · asked by rioedgebravo 2 in Business & Finance ➔ Personal Finance
Checking has nothing to do with credit.. you can open and close those type accounts to your hearts desire, and it wont do a thing to your credit rating...
2007-11-10 01:11:00 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
No it will not damage your credit with the three credit bureas. However this assumes you never experienced any problems with your check payments. If you had a bounced check, fraudalent activities associated with your account, then there is a possibility creditors may have placed a notice on your file. As such if you ever rent, obtain financing, etc it will show up and potentially be adverse to you. However, given strictly the facts you mentioned in your situation then no you should be fine and no damaging information should appear on your credit reports.
Also feel free to research the websites of the three Credit Bureaus and the Consumer Credit Counseling Services to learn more.
2007-11-06 11:52:35 · answer #2 · answered by momo 3 · 1⤊ 0⤋
No, positive/negative activity on a checking account does not go to your credit report.
2007-11-06 11:36:44 · answer #3 · answered by Phurface 6 · 0⤊ 0⤋
NO, it doesn't... not in anyway would it affect your credit standing/rating... it doesn't get reported to the Credit Bureaus...
2007-11-06 11:36:16 · answer #4 · answered by ceejhei 2 · 0⤊ 0⤋
No it isn't reported at all.
2007-11-06 11:32:34 · answer #5 · answered by shipwreck 7 · 0⤊ 0⤋