Hi, I lost my wallet and I had 2 credit cards. I just called in to report them lost. I asked if there were any fake purchases and there wasen't. I think I lost one of those cards about a year ago or so. The credit card companies cancel both my cards and said I should get them in about 5-10 days with a new number on them. Will this hurt my credit and/or lower my credit score? If so, how much would my credit score get lowered by? How many point? I think the last I checked I had a score of 830(yes 830). How does this hurt me? Please help, any help is greatly appreciated.
2006-12-29 07:40:35 · 9 answers · asked by tvillane2004 2 in Business & Finance ➔ Credit
Nothing will happen to your credit score. Congrats for your credit score...
2006-12-29 08:43:26 · answer #1 · answered by david 2 · 0⤊ 0⤋
First of all no, this will not affect your credit. By law your credit card company is required to take a loss for those purchases, even if they are unable to recoup the money from the merchant's bank who accepted the charge. Your credit card company will send you an affidavit of fraudulent use which you will have to sign and return. The credit card company also changed your account number and added that account to VISA or Mastercard's fraudulent account list. They will also show that the account was reported as lost or stolen by the owner. The bottom line is you are covered no matter what. Just do whatever your credit card company tells you to do regarding the matter and everything will be over soon!
2006-12-29 10:41:26 · answer #2 · answered by creditknowitall 2 · 0⤊ 0⤋
Just do routine checks of your credit to make sure the theicves are not using your identity and if you see something, dispute it right away. Notify all three credit agencies and all your credit card companies and banks to be on the lookout for fraudulent activity. It shouldn't hurt you as long as you stay on top of it.
2006-12-29 07:49:29 · answer #3 · answered by Bridget C 3 · 0⤊ 0⤋
Losing your credit cards should not affect your credit score at all, especially if there were no charges made on the card which you are having to dispute.
2006-12-29 07:48:01 · answer #4 · answered by . 7 · 0⤊ 0⤋
i had my credit card number taken about 2 yrs ago. by the time i found out, they had charged about $2000 on it. the company cancelled the card, sent me new ones, and never held me liable for any of it. it did NOT affect my credit score at all.
2006-12-29 08:36:25 · answer #5 · answered by Queen B 6 · 0⤊ 0⤋
i've got faith it could have some sort of damaging result. I had a JCPenney card which I closed the account on after paying it off. It did not result my credit extremely as a results of fact I had it for a whilst and slowly paid it off. while lenders could ask approximately it, I basically advised the actuality, I infrequently used it. they are able to quite lots tell from the background on it. in case you paid off a "maxed out" card and then close the account, lenders would check out it as you closed it on the grounds which you probably did not have faith your self. try to shop it open, be diligent, and shop the expenses small, pay a sprint extra advantageous in direction of the month-to-month cost each and each month to maintain the finance quotes low and take a check out and rebound to get your credit lower back up. sturdy luck! :)
2016-10-19 04:31:50 · answer #6 · answered by valda 4 · 0⤊ 0⤋
this sound like something you wanted everyone to know about and you already knew the answer. How can your credit score be lowered by losing your card and no usage on it?
2006-12-29 07:58:55 · answer #7 · answered by victoria M 2 · 0⤊ 0⤋
If there were no "fake purchases", you credit will only drop slightly, especially with such a high score.
2006-12-29 07:43:47 · answer #8 · answered by Jordan K 3 · 0⤊ 0⤋
i'm pretty sure losing a credit card does not count against your credit...only not paying your bill effects your credit
2006-12-29 07:48:29 · answer #9 · answered by duvalicious 4 · 0⤊ 0⤋