A while ago i lost my credit card and got a new one. I got a copy of my credit report and my credit card company had reported this lost/stolen card to the credit bureaus. Why would they do this, and will this negatively affect me credit-wise?
2007-02-13 01:24:04 · 2 answers · asked by tlyle420 1 in Business & Finance ➔ Credit
I cant imagine that would ever hurt your credit report. If it did, maybe it would be by a point or two.
Perpahs if you have a history of LOSING cards all the time that could hurt you, but having a carr stolen/lost once is not going to be a problem on yuor credit score.
In reality it happend to most people at some point in their lives.
2007-02-13 01:30:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't think it will negatively affect your rating. Only thing is if they canceled the old number and issued you a new one, the average length of your credit (how long you have had your cards or accounts in average) might get shorter, which could lower your rating somewhat.
2007-02-13 09:30:38 · answer #2 · answered by spot 5 · 0⤊ 0⤋