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  • FIRST POST
    • Gabby1234
    • By Gabby1234 15th May 17, 9:21 PM
    • 5Posts
    • 0Thanks
    Gabby1234
    If I close Credit Card will it clear from Experian quicker?
    • #1
    • 15th May 17, 9:21 PM
    If I close Credit Card will it clear from Experian quicker? 15th May 17 at 9:21 PM
    I've just paid off all of my credit cards in order to get a mortgage but they are still showing on my Experian report and the timescales to clear do not fit in with the urgency of our chain. Does anyone know if they will be removed quicker if we close the credit card account completely or will it make no difference? Thanks.
Page 1
    • zx81
    • By zx81 15th May 17, 9:26 PM
    • 16,832 Posts
    • 17,838 Thanks
    zx81
    • #2
    • 15th May 17, 9:26 PM
    • #2
    • 15th May 17, 9:26 PM
    No difference.
    • Gabby1234
    • By Gabby1234 15th May 17, 9:30 PM
    • 5 Posts
    • 0 Thanks
    Gabby1234
    • #3
    • 15th May 17, 9:30 PM
    • #3
    • 15th May 17, 9:30 PM
    Thanks for the reply - Had a feeling I was clutching at straws!
    • Sparx
    • By Sparx 15th May 17, 9:43 PM
    • 890 Posts
    • 492 Thanks
    Sparx
    • #4
    • 15th May 17, 9:43 PM
    • #4
    • 15th May 17, 9:43 PM
    Offer to send the mortgage company your bank statement, paying off the cards.
    • Ben8282
    • By Ben8282 16th May 17, 2:19 AM
    • 2,283 Posts
    • 1,017 Thanks
    Ben8282
    • #5
    • 16th May 17, 2:19 AM
    • #5
    • 16th May 17, 2:19 AM
    When you say that the cards are still showing what exactly do you mean - the accounts themselves or the balances?
    The accounts will continue to show as active accounts for as long as they are open and then for a further 6 years as closed accounts after you close them. But you want the accounts to show; if they were to disappear it would look as if you had never ever had any credit; not good at all.
    If you are asking about the balances, you will have to wait for the next update. You will be able to see when each account was last updated. You can reasonably expect the next update with the new balance approximately one month after the previous update.
    • sonstream
    • By sonstream 16th May 17, 12:32 PM
    • 130 Posts
    • 41 Thanks
    sonstream
    • #6
    • 16th May 17, 12:32 PM
    • #6
    • 16th May 17, 12:32 PM
    I've just paid off all of my credit cards in order to get a mortgage but they are still showing on my Experian report and the timescales to clear do not fit in with the urgency of our chain. Does anyone know if they will be removed quicker if we close the credit card account completely or will it make no difference? Thanks.
    Originally posted by Gabby1234
    speak to the creditcard provider explain the position you are in re mortgage and ask them nicely if they can update your balance before the next monthly update
    • KILL BILL
    • By KILL BILL 18th May 17, 10:24 AM
    • 2,087 Posts
    • 1,285 Thanks
    KILL BILL
    • #7
    • 18th May 17, 10:24 AM
    • #7
    • 18th May 17, 10:24 AM
    speak to the creditcard provider explain the position you are in re mortgage and ask them nicely if they can update your balance before the next monthly update
    Originally posted by sonstream
    they wont do that as its done by their systems periodically every 30 days or there abouts
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