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Regular Contributor
Viper786
Posts: 190
Registered: ‎04-15-2011

Account closed due to fraud and AAOA question

[ Edited ]

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?

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Valued Contributor
rootpooty
Posts: 1,712
Registered: ‎10-28-2011

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

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scarrollprint
Posts: 382
Registered: ‎06-26-2012

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?

 



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Valued Contributor
rootpooty
Posts: 1,712
Registered: ‎10-28-2011

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

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Regular Contributor
Viper786
Posts: 190
Registered: ‎04-15-2011

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.

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TheConductor
Posts: 491
Registered: ‎07-24-2012

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.

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