Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
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
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.