What is "potentially negative closed" on my credit report?

Question

I was looking at my credit report and it says this... do I still pay the amount listed or does this mean they dropped the account and are no longer collecting on it?

Answer 1

Call the company that has the listed amount.

Negatively closed could mean a couple things.  One, you didn't pay a balance and they closed your account.  Two, you called to cancel a credit card and failed to stress that you were closing it of your own free desire.  When I cancel a credit card, I send a letter that they need to sign for.  Or three, their billing system screwed up and it's all a lie.

Either way, you need to call them and get it sorted immediately.