i got in the mail yesterday a letter stating some of my credit card fees are going up. it also says i can decline these and close my account. then it says i can pay off my account at the current terms. my question is- how does this affect my credit score and report if i choose to decline ?
2007-08-07 03:19:20 · 2 answers · asked by M S 3 5 4 in Business & Finance ➔ Personal Finance
pj, thats so true, i didnt think of it that way, i'm trying to pay off all my cards and i was just wondering if declining and canceling the card was an easier way to go since the offer is there-but so far, it seems not, Since i have had this card the longest, i think i will just pay it off and keep it open, thats the best thing to do , right?
2007-08-07 03:29:54 · update #1
Your credit score might take a small hit. Closing the account will decrease your available credit which might cause your debt to available credit ratio to increase.
If you've had the card for an extended time, you will lose that history. However, your score should quickly rebound.
2007-08-07 03:24:01 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
What does it matter if you are not late, don't bounce checks, and do not go over your limit? 39 for each is a real b%$^* isn't it?
2007-08-07 10:24:06 · answer #2 · answered by Anonymous · 0⤊ 1⤋