Credit Card

The Credit card companies will close your account without notice? How does this affect your Credit Score?

I have received a letter from Juniper (prizes of iTunes) indicating that you have closed my credit card due to inactivity. I opened the account there are about 18 months and have never actually used. Can I close my account without warning like this? How should I handle it? (Is there anything I can do the same?) Also know that the closure of credit card accounts lowers your credit score. Does anyone know how many mines are affected?

Canceling a credit card can ding your credit by your credit score is based on what is called a relation between debt and credit. When canceling a credit card, to reduce the amount of credit available to you, what that relationship look bigger (and more risky) to creditors .. Length: 15 percent of Credit History: "In general, a Credit Report containing a list of accounts opened for a prolonged period will help your credit score. The rating considers your oldest account and the average age of all accounts. "35" percent Payment History: "Having a long history of timely payments and no arrears on all credit accounts is one of the most important items lenders look for

Fake a Credit Card

Filed under: Credit Repair Tips

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