Credit card being canceled...trying to fix myself.

Anonymous · ‎09-06-2016

hi there. i just recieved a notice that my credit card is being cancelled due to my revolving credit and credit score... i have 2 cards...the one being cancelled is not payed off and the other one i am working on. what i am asking is how badly will it look on my report that it is being closed on with a balance...i have been making payents and all.

ezdoesit · ‎09-06-2016

@Anonymous wrote:
hi there. i just recieved a notice that my credit card is being cancelled due to my revolving credit and credit score... i have 2 cards...the one being cancelled is not payed off and the other one i am working on. what i am asking is how badly will it look on my report that it is being closed on with a balance...i have been making payents and all.

What CCC closed your account and what changed in your credit profile that they would want to close it?

RCFL · ‎09-06-2016

We will need more information in order to give you advices. Can you elaborate?

joltdude · ‎09-06-2016

Need more info but what will probably happen is the card closed reporting a balance will cause your utilization to spike and likely a bit of a score drop.

-J