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Just pulled my Experian credit report today.

The good news: FICO 797

The bad news: Under account summary, there appears a current balance of $188,000 with Bank of America, on a mortgage which we paid off in May 2001.
I mean, really.... it's been nearly four years! How long should it take BOA to report paid in full?

Anyway, I filed a dispute with Experian, explaining this mortgage was paid off and the current balance should reflect $0.

Now I'm second-guessing my action. Since we are happily mortgage-free -- and intend to stay that way -- could the absence of a mortgage balance now reflect negatively on our score?

Our credit history does show at least four additional mortgage loans we had over the past 20 years, all with a "paid as agreed" notation and reflecting zero balances.

How important is it to have a current mortgage balance?


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