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Can a credit card company reopen a charged off account?

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2014-09-17 17:54:15
2014-09-17 17:54:15

No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.

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Related Questions


You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.

If they have reason to believe the account was reported or disputed fraudulently or that new information has been discovered, they can investigate further.

Yes, you can request your issuing credit card company or bank to reopen your credit card that you closed. I did that with one of my credit cards. However, make sure that you had a good record on that particular closed account and that you check if all the balances have been paid before you closed the account in order not to ruin your credit history.

Credit card companies will not reopen a credit card account once it has been closed. The company will issue a new credit card and new account if it wishes to do business with the person.

How can you reopen your myspace account?

No. The reason a credit issuer closes an account is because they no longer consider you an acceptable risk.

First, just ask. But, you will probably have to complete a new application so that a new credit bureau report can be pulled.

you don't reopen the one you closed, you start a new page

my yahoo account has been locked for two weeks now. I have tried to reopen but could not open the question that was asked in the profile since 2011 I cannot remember please help me reopen the account. my email is estherforchrist@rocketmail.com . thank you.

One can do that by going to the reopen tab and clicking on it.

You can't. You'll have to make another account.

To, Branch Manager Are city Sub: Reopen of Account Ref: A/c no. ..... D/s I have an account in your Bank with the above said a/c no. Due to some reason I closed the Account in 00.00.0000. I want to reopen my Account, so please do the needful. Yours Faithfully Name Add Contact No. 1 month ago Report Abuse

All of GameCrazy's locations have closed after parent company Movie Gallery's bankruptcy and liquidation and they will not reopen

My hotmail account has been blocked. I tried to send a request to reopen the account

No. Once a bank account is closed, the account number remains unused by the bank for seven or more years (it varies by individual bank). You may reopen a new account with the same bank, provided the first account was not closed by the bank for improprieties perpetrated by you.

That is at the discretion of the issuing financial institution. They may not grant a previous card holder who has closed the account special offers.

Pay off the balance and close the account. Then reopen a new account with only the primary holder.

No. Once the loan is charged off, it is technically off the lender's active books. It is still advisable to pay off the charged off amount so as to correct any issues it may have created for your credit rating. Be advised however that if you do not have a signed agreement with the lender, they are not required by law to accept any partial payments, and can refuse anything less that payment in full.

you used to have to buy a 30 day coupon to reopen your expired account. now, when you start an account, it WILL NEVER EXPIRE. it is a new feature on webkinz.

Most creditors will say no. What can be done: 1. the creditor can change the rating on the account if you have proof that it was paid on time with the borrower getting a letter stating that they did just that. Follow up with the 3 credit reporting companies to make sure this is done. 2. the creditor can start a whole new account--that will allow you to pay this one on time, giving you a 2nd chance. KEEP ANY LETTER YOU GET THAT CHANGES YOUR REPORT AS THE POSSIBILITY THAT YOU WILL NEED IT AGAIN IS VERY HIGH!!! On a charged off account, most corrections have to be done by hand--alot of times this is not done (for whatever reason) and your letter is the only proof of what was done.

if you are habitually late on your monthly payments, your credit is being "ruined" as they say. it's the ability to make your obligation on time every month. closing the account really prevents you from using it and falling into this trap again. there is the issue of your revolving credit accounts total line of credit and the percentage of use between them. Usually you want to stay around 30-40% of total available credit line between all revolving accounts, meaning if all credit cards you have access to have combined spending total of $2000.00 then you want to have about 600-800 in use. fiqure in your original question based on these facts.

It may reopen the repossession case, but once you pay, item will be noted as paid which should improve your score. Plus, you will have that great job and the negatives on your credit will be resolved.

Sometimes. It depends on what credit card company issued the card, their terms and procedures, what type of card (prime or sub-prime) and in the final analysis, whether they still wish you as a customer. They might, but it will not be on what is generally regarded as "favorable terms". Call them and ask.


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