Close Your Inactive Credit Accounts with Zero Balance | Fix Your Debt, Credit and Finance Problems

Close Your Inactive Credit Accounts with Zero Balance Sample Letter

Having inactive credit accounts with zero balances can hurt your credit score. You should consider having to close inactive credit accounts by writing a letter to the creditor requesting that the account be closed and to change the status to,”closed by consumer” reported to the consumer credit reporting agencies.

You can go ahead and copy and paste the sample letter below into your favorite text editor or word processor, then edit it to suit your situation.

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Today’s Date

Your Name
Street Address
City, State Zip

Phone Number

Attention: {Creditor’s Name}
Creditor’s Address
City, State Zip

RE: Account #: {your account number here}

Dear Accounting Department {or Creditor’s Name if you have it}

Please close the above referenced account effective immediately. I spoke with {insert name} on {insert date} at {insert time}, and {he/she} assured me that the “payoff balance” would be no more than $ {insert dollar/cents amount}. I’ve enclosed a check for that exact amount.

Or alternatively… Please close the above referenced account effective immediately. My records indicate the account has a zero balance.

Please send me written confirmation that this account has a zero balance and the date the account was closed . Also, include proof that you’ve complied with section 623(a)(4) of the Fair Credit Reporting Act by reporting this account as “closed by consumer” to the national credit bureaus.

Thank you for your cooperation. If you have any questions concerning this matter I can be reached at (insert daytime phone number and area code)

Sincerely,

Signature just above printed name
Your Printed First and Last Name

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Note:** Make sure you send your “Inactive Credit Accounts” Letter by “registered mail/return receipt requested”. Also, make a copy of the letter and keep it for your records