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Account closed due to fraud and AAOA question

Regular Contributor

Account closed due to fraud and AAOA question

I got a call from Chase's fraud department yesterday about some suspicious activity and after going over my charges, we found that my card had some fraudulent activity on it. The lady said that they will close the account and re-issue cards and that account will be reported to the credit agency as closed. Does that mean that when they re-issue the new cards, it will have today as the date it was opened? Will this have an adverse effect on my AAOA?

EQ - 701 FICO - ScoreWatch (8/2016) | TU - 754 FICO - Fico 8 (8/2016) | EX - 710 Fico - Fico 8 (8/2016)
Amazon Store Card - $10,000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One Platinum - $7,500 | Capital One Venture - $10,000 | Capital One VentureOne - $7500 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1500 | Discover It - $4200 | Ebates Visa - $25,000 | Macy's - $1700 | Lowes - $12,000 | Walmart MasterCard - $15,000
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5 REPLIES
Valued Contributor

Re: Account closed due to fraud and AAOA question

this happened to my parents last year with chase.  they closed out the current account and opened a new one but the new account had the same open date as the closed one

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 2 of 6
Frequent Contributor

Re: Account closed due to fraud and AAOA question


rootpooty wrote:

this happened to my parents last year with chase.  they closed out the current account and opened a new one but the new account had the same open date as the closed one


So correct me if I'm wrong, OP (and your parents) will actually see a boost in the AAOA (2 tradelines)? Or did they completely remove the old TL, replace it with a new one and back date it?

 



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
Message 3 of 6
Valued Contributor

Re: Account closed due to fraud and AAOA question


scarrollprint wrote:

rootpooty wrote:

this happened to my parents last year with chase.  they closed out the current account and opened a new one but the new account had the same open date as the closed one


So correct me if I'm wrong, OP (and your parents) will actually see a boost in the AAOA (2 tradelines)? Or did they completely remove the old TL, replace it with a new one and back date it?

 


Thats a pretty good point that i dont have the answer to.  No it reports the old tradeline as closed and the new one reports with the same open date.  If they did create a new account that would ding the AAOA and we would be punished for fraud.

 

I really dont have the answer for this.  I was just giving my input on what Ive seen cause I actually helped my mom remove some derog info from her reports last month

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 4 of 6
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Regular Contributor

Re: Account closed due to fraud and AAOA question

Thanks for the info. I will check my reports once the new one starts reporting to see what they did with the old account and let you know.

EQ - 701 FICO - ScoreWatch (8/2016) | TU - 754 FICO - Fico 8 (8/2016) | EX - 710 Fico - Fico 8 (8/2016)
Amazon Store Card - $10,000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One Platinum - $7,500 | Capital One Venture - $10,000 | Capital One VentureOne - $7500 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1500 | Discover It - $4200 | Ebates Visa - $25,000 | Macy's - $1700 | Lowes - $12,000 | Walmart MasterCard - $15,000
Message 5 of 6
Established Contributor

Re: Account closed due to fraud and AAOA question

Normally it should report with the same open date as the original account.  I have had some creditors make a mistake when doing this, though, so it is a good idea to check your reports afterward and follow up if it reports incorrectly. I've never have a creditor refuse to fix it when this mistake was made.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12), Total CL $1k on 2 TLs
Current: EQ 709 (CCT 2/4/15), EX 704 (CCT 2/4/15) , TU 702 (CCT 2/4/15), Total CL $110.3k on 14 TLs Goal: 740+ x3
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