- This topic has 9 replies, 7 voices, and was last updated 10 years ago by Anonymous.
- May 5, 2011 at 8:17 pm #206164AnonymousInactive
your credit score? I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)
Also, I know that closing credit card accounts lowers your credit score. Does anyone know how much mine will be affected?
- May 6, 2011 at 11:29 pm #263270AnonymousInactive
Each account is a potential borrower that they have to worry about funding. If you don’t use your account, they will close it and give your slot to someone else.
- May 7, 2011 at 12:03 am #265365AnonymousInactive
Canceling a credit card can ding your credit because part of your credit score is based on something called a debt-to-credit ratio. When you cancel a credit card, you lower the amount of credit available to you, making that ratio look bigger (and more risky) to creditors..
15 percent Length of Credit History: “In general, a credit report containing a list of accounts opened for a long time will help your credit score. The score considers your oldest account and the average age of all accounts.”
35 percent Payment History: “Having a long history making of payments on time and no missed payments on all credit accounts is one of the most important items lenders look for
- May 7, 2011 at 3:27 am #265808AnonymousInactive
You can talk to the credit card company However considering the current times I don’t know if it will get you the answer you want. The answer to the first question is yes they can
- May 7, 2011 at 10:27 pm #265883AnonymousInactive
Yes they can close your account “just like that.” To keep an account open, you need to use it once or twice a year, minimum.
- May 13, 2011 at 3:13 am #274777AnonymousInactive
yes they can, read your terms and agreement you received when you applied and accepted the credit card. All credit card usually work different. Or contact them at their 1-800 #.
- June 10, 2011 at 2:38 am #432766AnonymousInactive
I would say get a book called “credit repair for dummies”. This tells you everything about having bad credit and fixing it. And how to maintain good credit once you get. You can fix your credit yourself. Anyone telling you they can fix it for you is lying. The money you pay them you can use towards one of your debts. Also try calling your local consumer credit counseling service. They can give you advice.
- June 10, 2011 at 2:38 am #432767AnonymousInactive
pay your bills on time always
don’t have too much credit
check your credit file to make sure no errors got on it.
Once you mess up it will take 5-7 clean years to get back
- June 10, 2011 at 2:38 am #432768AnonymousInactive
Simple credit repair would cover all of these. It is an affordable way to get results while avoiding the headaches of trying to do it yourself.
- June 10, 2011 at 2:38 am #432769AnonymousInactive
Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – creditreport.fateback.com
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