My credit card account was clsoed....

Well I guess they are doing this to everyone, I received 2 letters for 2 different cards yesterday that I haven't used in a while and they closed my accounts. I honestly forgot about them I would have charged something to keep it open if I had known, they sent me NO notice. My roommate had 3 accounts closed yesterday too. I am worrying about the same thing as you, yes I believe it will affect the credit score because now the credit/dollar amount has been reduced by the account being closed. I have to run out now and charge something on another card I haven't used in a while.

It is the economy. I have one card I do not use, and of the other two cards that I use, one of them has lowered my credit limit even though I pay off in time and in fact I pay ahead of time. This means that I have to write a check or pay part debit for the item I want to purchase or put the money into my credit card to cover the item. It is as if they no longer trust us. Now I have to go to the site and ask how I can raise my credit card limit because I sure want to get that laptop and I do not want a cheap one either.

I don't know the credit card center will just close your account by not using it for some time. I actually applied two cards which I didn't activate or use them at all, I'm hoping the credit card center will just terminate my accounts, but I don't think it happened here. I gotta call them up and terminate them by myself manually. I do not know about the score you mentioned, if you have not done anything wrong, it shouldn't have affected your score, right?

I know that some cards will get closed if there is a zero balance, and you haven't used them in a while. The only problem with that is if it's the card with the longest credit history.

Well, I'm glad I have no credit cards. I don't intend to have one because it's hard to keep up on bills if you have credit cards and the rates keep on increasing. It's better to use debit cards than credit cards. Well, that is in my own opinion. But this credit cards company are always tempting people to apply for credit cards. I always receive promo by post mail in some credit cards company and they would say, bad credit or good credit doesn't matter they will still accept. Oh!! well, even then, I don't like to have it.

i have heard it a credit card account is closed it will effect your credit.i read that you need to use each card you have even if it is for a small amount but to keep it active.hopefully it wont bother your credit.

What happens is that the card closing will cause your "available credit" balance to go down, which can lower your credit score. Lenders look at your credit to debt ratio as part of the score, so if you used to have say, $1000 in debt spread out over cards with a combined $10,000 in credit, you had a 1:10 debt to credit ratio. But if you closed one of those cards that had a line of $5,000 credit, you now have a ratio of 1:5, which is much higher, even though your amount of debt has not changed. I thank you for posting that this happened to you. I have one card that I never use, so I will have to go out and put something on it to keep it open (I'll pay it off the same month, of course).

I have heard it a credit card account is closed it will effect your credit. I read that you need to use each card you have even if it is for a small amount but to keep it active. Hopefully it won't bother your credit.

They're doing this to everybody. I've had two closed in the past 2 or 3 months. I never used the accounts because the interest rates were higher than the one I've kept in use, so I didn't care. I don't know if it will effect your credit rating or not. I know I had a credit card that I paid off and closed out of my own accord a couple of years ago and that didn't lower my credit rating. I haven't checked it lately.

i only knew that you will get bad credit ratings if u missed your payments or continuously unable to pay your payment in consecutive months. In this instant, is your credit card up for yearly renewal or they simply closed your account because of non-activity? i think for both, at least the bank employee should call and enquire if u need the card or choose to renew your card before terminating it without your opinion or feedback. I would not use the word consent as ultimately, the bank has the authority to close the accounts as they deem fit but a courtesy call would be considerate

I would not worry to much as the credit card will not register if they have been cancelled,it won't affect your credit rating how could it,It would only effect your credit rating if you had not paid it and were in debt.Find it and cut it up but don't panic.

hello this is sameer i would like to say about the credit card beco of we dnt tranzate the money thats why the company will nt give the real direction may be sme companys r give the true rules bt nt shopre