Christie asked:


I am looking at a copy of my credit report as I type this. All 3 credit reporting agencies are included.

My question is for those who say that you shouldn’t close a credit card account you’re no longer using, because it will no longer serve as a credit reference:

What do you mean when you say that? I’m looking at my credit all the way back to the early 90’s, and there are numerous accounts I have closed, but the accounts still show up on my credit report and they still show that the account was paid on time, in full, and is in good standing.

If what you say is true, that closing the account means it will no longer serve as a credit reference, how is it that I can still see all my closed accounts, and they all still reflect positively on my credit report?
Shamieya – If what you’re saying is true, why don’t people just close BAD accounts to get them off their credit report? Why would anyone file bankruptcy if cleaning up your credit was as simple as closing the accounts that were negative?
JenniferJohnson2008 – Perhaps you are not aware, but TOO MUCH available credit also hurts your credit score.

Chad asked:


I have a letter of reference from my apartment manager showing I have been in good standing for 4 years and I want to submit this to the 3 credit agencies. How do I do this?

thehousemedic asked:


I own several properties and one of my tenants have asked for me to write a credit reference letter stating that his “account” is in good standing. It is, he needs this to obtain a mortgage and since I do not report to the credit agencies the loan officer has requested a letter from me stating this. I have been all over the net to write up something nice, professional and business like to state this. I have never had to do this before for a tenant, and since my tenant does not have a lot information on his credit history, he needs some additional credit references. Either a web site that would give some examples would be great. I could not find anything on microsoft word, or I may not have been using the correct wording to look this item up.
Everytime I try to type something up it sounds kind of bad. I need a template of some sort.
Global M,
I found this on the web earlier and it is way to indepth for what I want to do. I want to keep it simple but sound professional.

Thank you