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Can they do this - credit card related
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Can they do this - credit card related
I got a letter in the mail today from one of my credit card companies that they have closed my account due to inactivity. I did not request this. Can they do this? I didn't want to close any of my old accounts b/c I thought it would help my credit history.
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Posted 4/27/07 4:14 PM  |
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LittleBlueBug
Happy Mommy
Member since 9/06 4074 total posts
Name:
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Re: Can they do this - credit card related
I have never had a card I did not use, so I don't know. But you can always call and ask them to re-open it.
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| Posted 4/27/07 4:18 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Can they do this - credit card related
I've had store cards do that when I didn't use them for a long time.
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| Posted 4/27/07 4:18 PM |
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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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Re: Can they do this - credit card related
Im surprised. I always had to call my credit card companies to have them close my accounts b/c I know I wasnt using them for a while.
I've never had them cancel one on me........sometimes I wish they would though. LOL Certain cards you forget you even have.
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| Posted 4/27/07 4:19 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: Can they do this - credit card related
It's happened to me. I don't think it affects your credit rating, but your FICO score might change slightly since your total available credit would drop. If the card didn't have a high limit on it, I wouldn't worry about it.
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| Posted 4/27/07 4:22 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Can they do this - credit card related
FH had this happen too.
I wouldnt worry too much, because your credit report will show you havent had a balance on it in a while.
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| Posted 4/27/07 5:05 PM |
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Boobobunny
Live in the Present
Member since 5/05 3572 total posts
Name:
Dannielle
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Re: Can they do this - credit card related
I've never heard of this before...but they propbaly do it for security reasons. To help prevent identity theft.
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| Posted 4/27/07 5:10 PM |
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