03-26-2013 10:10 AM
I just received an email indicating that the bank that issues American Signature Furniture CC was discontinuing their program effective April 1, 2013. I have this card and a zero balance. I am concerned about the effect of this closed account on my credit report. Should I notify them and request to close so that it is noted as closed at consumers request or let them close on their own. Need good advice please! Thank you!
03-26-2013 10:20 AM
I was wondering the same exact thing as i received an email as well. My dilemma though, is that I have a $678 balance on it from a year ago when I purchased my bedroom set. I've initiated a balance transfer to one of my NFCU cards in hopes that the check will get there beforehand. In my experience, it's taken as little as 3 days or as many as 10. I feel they should have given folks more advance notice. a few days prior hardly is sufficient. I really want to close the account myself, but I don't want to with a balance still showing.
04-17-2013 04:20 PM
04-17-2013 04:30 PM
04-17-2013 04:37 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.