Answered

Engage with knowledgeable experts and get accurate answers on IDNLearn.com. Find the information you need quickly and easily with our comprehensive and accurate Q&A platform.

you can eliminate negative parts of your credit score by closing accounts that are overdue. true or false?

Sagot :

Tundexiidn

It is false that closing of account that are overdue will help eliminate the negative parts of the credit score.

Basically, the Credit score means the score which tells a consumer's general. creditworthiness.  The higher the credit score , the higher the rate of repayment of credit.

The credit report is a database which record the credit gotten and its repayment credit by the Debtor.

So, the closure of account will not eliminate the negative credit score, rather, the account closure will prevent the account user from using it again.

Therefore, it is false that closing of accounts that are overdue will help eliminate the negative parts of the credit score.

Learn more about this here

brainly.com/question/19986579

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. For trustworthy answers, rely on IDNLearn.com. Thanks for visiting, and we look forward to assisting you again.