Closing an unused loan account?

my wife has subscribed for a loan from Bank of America for $7500 but she has not activated this loan becasue of the high rate interst (Aprox %19) but she noticed that this loan accout excists in the monthly bank statment(she has not activated this loan account ) and hte balance is 0 and it is mentioned in her credit report too , that is from one yesr ago . the question is if this loan amount can effect in negative or positive my wife credit reoport becasue if it effect negatively she will call the bank to remove this account from her bank statment and the same thing with the credit bureau ??? so what do you think? thanks

Closing an unused loan account?credit rating

stay status qua it is not costing you anything and is not hurting your credit a bit!!!

Closing an unused loan account? loan

It is hard to know without more information. Closing credit accounts if you have lots of different accounts is usually good. The exception is that it may increase the amount you owe compared to your available credit which can cause your credit score to drop.|||This sounds like a line of credit.

As long as she doe%26#039;s not use it, it will actually help her credit due to her debt to credit ratio. Having $7,500.00 in credit with a $0 balance looks good and helps her score.|||yup its gonna be a positive on her report, because she has it but does not use it. balance at zero is fantastic|||You post your profile on this webiste and then lenders come to you. I recommend trying

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