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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.