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Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card?
Wiki User
∙ 15y ago
No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.
Wiki User
∙ 15y ago
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What does it mean when a credit card company closes your account?
It means they have deemed your account "inactive". Or maybe they don't want your business anymore. The easiest way to find out is to contact them.
How is your credit score affected if a credit card company closes your account because of inactivity?
Your credit score is affected by ALL the information in your credit history. Specifically, a recently closed, inactive, revolving account would impact the amount of credit available to you, thus changing your debt-to-available-credit ratio. If this particular acccount was the oldest account in your file, closing it would also shorten the history of your open credit accounts. The amount of impact to your current score would depend upon what remained open in your file and, once again, ALL the data showing, not just this one account.
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
Does dividends payable have a normal balance of a credit?
Yes divident payable has credit as a normal balance because it is the liability of company to pay to it's shareholders.
What does the company Experian do?
Experian is essentially a company which specializes in credit scores and credit reports. They can help you find in accuracies in your credit score and iron them out.
Can you reopen a credit card that was closed by the issuer?
No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.
If a company goes out of business who pays the credit cards?
the owner pays the credit cards because they owned the company
Can you pay your debt to the original company if the debt has been passed to a credit company?
No because the original company has 'sold' the debt to the credit company or in other words the credit company has bought the debt account from the original company for less than what you owe. That is why credit companies keep chasing you to pay them.
What does it mean when a credit card company closes your account?
It means they have deemed your account "inactive". Or maybe they don't want your business anymore. The easiest way to find out is to contact them.
Is nikespaces2 a serious company to buy clothes from?
yes,they are very serious company,because they accept paypal and credit card.
How is your credit score affected if a credit card company closes your account because of inactivity?
Your credit score is affected by ALL the information in your credit history. Specifically, a recently closed, inactive, revolving account would impact the amount of credit available to you, thus changing your debt-to-available-credit ratio. If this particular acccount was the oldest account in your file, closing it would also shorten the history of your open credit accounts. The amount of impact to your current score would depend upon what remained open in your file and, once again, ALL the data showing, not just this one account.
How credit company manage credit?
Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.
What is a credit hold?
When a company won't extend credit to you for various reasons. Usually it is because you are behind on your payables/bills. Essentially, you are not allowed to buy on credit until the hold is off.
Are shares in a public company a credit or debit?
credit to shareholder and debit to the company
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
Will you need to go through a credit check in order to get a corporate credit card from your company if the credit card is in your company's name?
That decision is up to the credit card company. If the corporation is relatively new or had no credit history, the credito card company might demand that you personally guarantee the debt and you will need to have a credit check. If you have been in business a long time, the credit card company MIGHT not require a personal credit check.
How do you find out if your company is eligible for credit card for fair credit?
In order to find out whether or not your company is eligible for this or not, you are going to have to contact the credit card company and ask if you are.
