View Full Version : What is "open account"?
oayachan
Sep 21, 2009, 01:36 PM
When I checked my credit report it said "open account" is a negative factor.
Please tell me what the difference is between an ordinary account and an open account.
JudyKayTee
Sep 21, 2009, 02:00 PM
Charge accounts are often listed as open accounts because there is no fixed balance.
Is that pertinent to your situation?
this8384
Sep 21, 2009, 02:10 PM
Charge accounts are often listed as open accounts because there is no fixed balance.
Is that pertinent to your situation?
Being that it's a "negative factor" I almost wonder if they defaulted or maxed out that particular account.