How does an never used credit card report on the credit report?
If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing?
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Comment by Random
Usually poorly, though it is not DEBT, it is Potential Debt. You need revolving credit, but you want to get rid of any dead cards that you have just floating around. Including cards to department stores.
Posted on August 19, 2010 at 7:11 pm
Comment by Caveat Emptor
It would show as an open revolving charge account with zero balance.
Posted on August 19, 2010 at 7:45 pm
Comment by RJ
It will show as an open account in good standing. However, the credit card company may choose not to report it. To be on the safe side, by a stick of gum or something small every few months so that they will keep reporting it.
Hope this helps.
Posted on August 19, 2010 at 7:57 pm
Comment by Liddie
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http://Credit-Report-Online-USA.com
Here you can get your 3-in-1 free credit report and credit score rating
Posted on August 19, 2010 at 8:21 pm