https://ttlc.intuit.com/community/lower-your-debt/discussion/re-closed-accounts/01/853562#M889 <P>close a/c's are usually credit cards where the company closed them either by your request or due to inactivity.&nbsp; could also be paid off mortgages or other loans</P> <P>&nbsp;</P> <P>&nbsp;credit card — it’s what can give you a long credit history so if closed they can shorten your credit history</P> <P>length of credit history is part of formula for determining credit score&nbsp;</P> <P>so when an older account (like mortgage or student loan) falls off your report, your score could drop since you’re losing the credit history that comes with that account.</P> Thu, 19 Sep 2019 00:14:52 GMT Anonymous 2019-09-19T00:14:52Z https://ttlc.intuit.com/community/lower-your-debt/discussion/closed-accounts/01/853554#M888 <P>What are the closed accounts on the credit report and what are they used for?</P> Wed, 18 Sep 2019 23:57:04 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/closed-accounts/01/853554#M888 jodistacey7442 2019-09-18T23:57:04Z https://ttlc.intuit.com/community/lower-your-debt/discussion/re-closed-accounts/01/853562#M889 <P>close a/c's are usually credit cards where the company closed them either by your request or due to inactivity.&nbsp; could also be paid off mortgages or other loans</P> <P>&nbsp;</P> <P>&nbsp;credit card — it’s what can give you a long credit history so if closed they can shorten your credit history</P> <P>length of credit history is part of formula for determining credit score&nbsp;</P> <P>so when an older account (like mortgage or student loan) falls off your report, your score could drop since you’re losing the credit history that comes with that account.</P> Thu, 19 Sep 2019 00:14:52 GMT https://ttlc.intuit.com/community/lower-your-debt/discussion/re-closed-accounts/01/853562#M889 Anonymous 2019-09-19T00:14:52Z