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Close Credit cards By the Bank

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Anonymous
Not applicable

Re: Close Credit cards By the Bank

HSBC and Bank of America closed me for too many recent accounts.

Message 11 of 14
webhopper
Moderator Emeritus

Re: Close Credit cards By the Bank


@corymcd88 wrote:

Do banks close your credit card if they see too many new accounts? To many INQ's. If so witch ones?


 

The credit grantor can close  your account at any time if they see something they don't like... like a collection, or if you stop paying a loan... etc.

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 12 of 14
LS2982
Mega Contributor

Re: Close Credit cards By the Bank


@webhopper wrote:

@corymcd88 wrote:

Do banks close your credit card if they see too many new accounts? To many INQ's. If so witch ones?


 

The credit grantor can close  your account at any time if they see something they don't like... like a collection, or if you stop paying a loan... etc.



This is a biggie, always good to act fast when a new CA hits your reports.




EQ FICO 548 3/3/16
Message 13 of 14
Ron1
Super Contributor

Re: Close Credit cards By the Bank

Any creditor can decrease your limit or close your account any time if they see something negative.

 

 

Ron.

Message 14 of 14
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