06-07-2012 09:57 PM
It was one of my secured cards with a 600 cl and about to turn a year old. I didn't think it would have an affect on my score at all but it actually increased it by 8 points!
I am happy to be on my way back to where I was before the mini app spreewhich was 804. All accounts are reporting a zero balance and I am staying in the garden for a couple of years. I will focus on building business credit during that time
06-07-2012 10:52 PM
Congrats, I think I'm in the same boat no more credit cards for me and my main goal is to now pay off my truck and my car. I still hope I see 800 by the end of the year though.
06-08-2012 05:43 AM
TY! My score had initially decreased with each cc inq and with each new card that was opened. I have the exact same balances with all of them as before and I figured
all of the damage had been reported, including my AAoA being reduced by 4 yrs. It was holding steady at 773 after all my abuse and so I decided it was time to
close that card and a few weeks later I get the SW report concerning the accout closure and score increase. So I figured it helped. How can you or I know for certain that it didn't? whether it did or not I"m doing the happy dance in my garden with all my pretty new buds of promise.
06-08-2012 09:03 AM
well, considering you closed to card so close to the 1 year date, the account aging past 1 year and the inquiry reaching 1 year are also things that could definitely have impacted your score recently.
06-08-2012 12:57 PM
Unlikely closing the card had anything to do with it but +1 on the score increase.
If the card had a balance and is now reporting as 0 then that could explain the score increase.
06-08-2012 02:15 PM
That card was barely used and I kept a 0 balance on it. I didn't consider the age of the account or the inquiry but now that I think of it, several inquiries were at least a year old ..you guys are on it! I have to admit that before I found this board, I simply pulled my cr every year to make sure everything was dropping off as it should. There wasn't a lot of baddies but enough to get denials and crappy offers for credit cards that take advantage of people with not so good records. I didn't even bother with checking my score until I came here. *looking around* I kinda like it here
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