 Debt recovery? |
| My son has left home owing monies to a major credit card company..his address for this debt is my own and my wifes. we do not have any contact with our son as he just got up and left with no contact ... |
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 Do I have too many cards open that may be hurting more credit score? |
| I have 2 credit cards that are activeted and1 that is not activated. The first card was activated 07/07. The 2nd 09/07 and the 3trd one is open (againts my wises) but not activated 10/07. I also have ... |
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 My remaining balance on my credit card? |
| remaining credit balance on my Banco De Oro Shop More credit card number 5125 7102 7540 5101... |
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 Can a collection agency look into your credit report without your consent? |
| This morning I found a new inquiry made by a collection agency. Is this legal?... |
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 My family used my credit card? Help! |
A sibling committed fraud in my name, with a credit card, over $10,000.
What are the consequences, if I report it, or decided to do nothing?
Please, answer seriously. I don't ... |
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 Credit Card Fraud? Please help!!? |
| Hello, I have been using godaddy.com for stuff a couple days. I have only purchased 2 items on godaddy.com, which was Hosting plan-1 year for $38(with 10% off) and $8 domain. I even have the receipt ... |
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 Job centre crisis loan? |
| Has anone had a crisis loan from the Job Centre? How much did you get? What are the terms of re-payment?... |
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 Can someone tell me the consequences of going bankrupt? |
| I'm in too much debt and unable to pay it all and can only see the way forward is bankruptcy, not sure on how to do it and i dont no the full consequences of doing this. can anyone help?... |
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| Free Credit Report? |
| I keep seeing the commercial on TV about freecreditreport.com, but then it asks for your credit card number for some kind of charge. How is that "FREE?" I will not give them my CC number ... |
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 How did someone get my credit card account number? |
| my credit card number has been used by someone. How do people get these? I have never ordered any thing online with this card, in fact I rarely use it.... |
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 I need a personal loan of $5000. My credit is bad. Don't want anything from overseas. Any ideas for me? |
Any type of loan will help. If needed, I can pay it back in a year. I just need the money for school and to fix my car. Like I said, I don't want anything from overseas.
Additional D... |
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| When approved for a credit card are you supposed to send in a payment for the card? |
they sent the letter stated i was approved and to send 34 dollars for the card to be sent to me...just making sure im supposed to
Additional Details
the bank is bank of ... |
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 Can a prepaid credit card help reestablish my credit? |
| I have paid off all my depts. What are some good ways to build up my credit again. My credit score is 576. I don't want to apply for loans because i am afraid of inquiries bringing my score down.... |
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 Credit card question!? |
| I applied for a credit card on the 4th of September, and the invitation said pre-approved. On the seventeenth I got a letter in the mail saying that my application had been approved and I would be ... |
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 Debit Card Disaster!,... HEEEEEEELP!? |
| ok, Here's the thing. While on vaccation My husband bought a ticket with is Visa Debit Card. The clerk made a mistake with the flightplan and told us she would cancel right away. Then she ... |
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 50 Point FICO score drop? |
| I just checked my FICO score (I am provided my score every month from my credit card company) and it dropped 50 points in one month. I haven't opened any new accounts, missed any payments or ... |
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Beer Can | Credit card issuer cancel my card due to inactivity of the card use, will this impacts my credit score? |
I got notification from credit card issuer that my credit card was canceled due to inactivity. I have not use the card for more than a year. I would like to know if this cacelation will have impact on my credit score. ...Thanks! |
 |
 
echo
 |
The notation that it is closed by the credit granter will not drop your scores, but it could be considered as a negative by a credit underwriter.
In general as far as it being closed, it could have be a negative since you would be losing the credit limit that was being reported. Which could drive up your overall utilization.
If you do not want the account, you might call and request that they show it on your reports as being closed by you.
If you want the account, contact them and request that it be re-opened.
They may or may not change the reporting status or re-open it, but either way, it would be worth it to try.
If you re-open it, use it at least once every 4 to 6 months for a small purchase and pay in full when you get the statement so you would not be paying interest. |
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bdancer222
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You may take a slight hit as closing the account dropped your overall available credit. But your score will rebound quickly.
If you had this card for a long time and had a good history, that history will be lost and that could hurt you more. |
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jimi
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It depends what agency it is that's reporting your credit, all 3 of them have different rules. |
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jason a
 |
I wouldn't think it would be a negative as far as your score... but I'd be very careful about opening new lines of credit and having them closed for any reason... |
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JF
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Wow- that's messed up.
Yes- it will affect your credit in a couple ways- since you have less of a credit limit your debt to credit ratio will go up (which is bad). Also, if the card issuer states 'card closed at bank's request' instead of customer's request, that could look bad to lenders. |
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MissV
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Your credit score will be best when it shows a variety of sources of credit, i.e., car payment, mortgage payment, credit card payment, etc.
However canceling should not harm you, however, there is a such thing as having too 'little' credit. These are generally folks who pay nearly all their bills in cash, thus, no score to report. |
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ochocuarenta
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You can actually lower your score by not using cards. I am not sure if it will lower becuase of a card cancelation, but I know if you have a bunch of cards and don't use them, then they will lower your score very slightly. It happened to me. I have no idea why they lower it, you are being responsible by not buying on credit, but I would assume it is to get you to spend money on the card or cards. Lame huh? |
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exp i
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Since you have had the card for a short period, it should not affect your credit score. |
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