old credit card question

Try contacting the credit bureaus

This should be helping your score, because of positive payment history.

I deleted the thread you requested.

I know that because it is positive it is helping the credit, but what about the status of open? How does that affect his credit when it shows open with a line of credit of 2000 dollars? Doesn't that affect his debit to income ratio? Or since it has a zero balance, does it show that he has the line of credit but hasn't used it? I am so confused...I'd just like the status changed to closed. Just to be safe.

It is helping credit with both age of account & utilization of credit lines.Closing this account has a chance of dropping your credit.

OK Thanks. We are just trying to clear up our credit so we can eventually get to a point where we can buy a house. We found a nice house with 2 and a half acres for $59500. That is an outstanding price for the location. It is a foreclosure so it is selling for what is left owed on it. We figure if we buy the house and land (it's a mobile but only 2 years old), we can have it paid off in 7 to 9 years. And then we won't have a house note. Doesn't that just sound heavenly? No house note??? no rent????

Or better yet if you can, buy the house, divide the land and sell the house or land for a profit and pay it off sooner. OR buy it and turn around and sell it for a profit then buy something else. :D

Your debt-to-income ratio is not part of your credit score calculation. However, your balance-to-limit (your debt balance compared to your account's credit limit) is calculated as part of your credit score. Having a $0 balance on a $2000 credit limit should reflect well and the age of the account should also reflect well (your B2L ratio is low and the age of the account shows that you've maintained an account for several years, which is a good sign for lenders).

The question of the account being open or not being open is strange. It appears that Sears has not reported your account as being closed. That actually may be good for you (longer credit history, lower B2L ratio).