Posted on: 12th Sep, 2010 08:03 pm
I closed on my new home January 5 2010. My credit score was 773. It is now 705.
Immediately after closing ALL my credit cards took my limit to the current balance I owed on the card. ALL of them. Why? So I have no late payments AT ALL on any account and my score is headed downward because I have no credit available on any credit cards. This was not expected. Anyone else have this problem?
Stacy K.
Immediately after closing ALL my credit cards took my limit to the current balance I owed on the card. ALL of them. Why? So I have no late payments AT ALL on any account and my score is headed downward because I have no credit available on any credit cards. This was not expected. Anyone else have this problem?
Stacy K.
Oh, 3 of my credit cards CLOSED my account right after I closed on my new home. All 3 cards had a ZERO balance with perfect payment history. I did use them but would pay them off every month.
Welcome Stacy,
I could not understand why your credit card company closed your accounts after you purchased a property. It shouldn't be the case. I would suggest you to contact your credit card company and request them to explain the reason for taking such an action.
I could not understand why your credit card company closed your accounts after you purchased a property. It shouldn't be the case. I would suggest you to contact your credit card company and request them to explain the reason for taking such an action.