- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
$0 balance and never missed a payment and had credit limit decreased
Posted on 5/6/14 at 8:43 pm
Posted on 5/6/14 at 8:43 pm
Long story short:
1) balance on a Banana Republic card
2) never missed a minimum payment, paid off in full 1/2013
3) have not used since, and no major changes in credit score besides buying a used car
4) Banana republic cuts my limit by 75% this past month
I don't have a very high 'total credit limit' to begin with, but would like to simply cancel the card. I have a 740+ credit score. what overall hit will I take to my credit score and how long will that last?
1) balance on a Banana Republic card
2) never missed a minimum payment, paid off in full 1/2013
3) have not used since, and no major changes in credit score besides buying a used car
4) Banana republic cuts my limit by 75% this past month
I don't have a very high 'total credit limit' to begin with, but would like to simply cancel the card. I have a 740+ credit score. what overall hit will I take to my credit score and how long will that last?
This post was edited on 5/6/14 at 8:46 pm
Posted on 5/6/14 at 8:51 pm to The Hamburglar
I'd close that POS card.
The store CCs are the worst to have in your wallet.
The store CCs are the worst to have in your wallet.
Posted on 5/6/14 at 9:19 pm to The Hamburglar
Buy yourself a pastel v-neck on it every six months and pay it off.
Posted on 5/6/14 at 10:47 pm to The Hamburglar
Dude, youre the hamburglar. And youre curious as to why people dont trust you?
Posted on 5/7/14 at 6:37 am to The Hamburglar
The trade will still report and will not influence your credit. As someone else stated, store cards are not the greatest thing to have in your wallet.
Posted on 5/7/14 at 8:20 am to The Hamburglar
quote:
paid off in full 1/2013
quote:
have not used since
Store cards are easy to get but they aren't going to just let you keep it in your wallet and build your credit history with no balance on it. They pretty much have a use it or lose it policy.
Popular
Back to top
Follow TigerDroppings for LSU Football News