Does closing a bank account hurt your credit score? [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
Poor customer service, higher interest rates from a competitor, or the desire to pay lower bank fees are just a few examples of why you might want to break up with your current bank or credit union. On a positive note, closing a bank account shouldn't have a direct impact on your credit report or credit score. But if you fail to close a bank account the right way , there is a chance your actions might result in future credit score damage. Read on to learn some simple tips that can help you protect your credit when you close a bank account. Do bank accounts appear on credit reports? In general, your credit reports from the three major credit bureaus — Equifax, TransUnion, and Experian — do not contain information about your bank accounts. Whether a deposit account (e.g., checking account, savings account, etc.) is open or closed, it typically won't appear on your credit report, at least not in a traditional sense. Credit scoring models, such as FICO and VantageScore, only con
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TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 5/7/24 - Form 8-K
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- TRU's page on the SEC website