Capital Bank Old CC hurting score

praise123 · ‎08-02-2012

Last year, I had a Capital Bank secured card. I called to cancel they never did and I ended up sick and forgetting about it. Even though I paid them the crappy $200 they are still killing my score. What should I do?

AndySoCal · ‎08-02-2012

Why do you think this card is killing your score. There is nothing in the FICO formula that gives additional points based upon the credit limit amount.

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 15,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Fortera FCU State Department FCU Pelican CU

Pelican State CU Redstone FCU

jsucool76 · ‎08-02-2012

@AndySoCal wrote:
Why do you think this card is killing your score. There is nothing in the FICO formula that gives additional points based upon the credit limit amount.

I believe OP is saying they called to cancel, didn't get it cancelled, got sick, forgout about the account (which possibly had a balance) and basically defaulted on it and they collected his security deposit when he ended up not paying.

Thats what I got from it at least, I may be wrong.