First Equity Closed my Card

[haulingthescoreup]

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@Red1Blue wrote:

...I am probably a deadbeat for them. They probably want a customer who charges to their teeth and pay them buckets of money in the interest charges.

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Could very well be!

Boy, I'm going to be in trouble if all my banks and CU's start demanding that I carry balances and pay interest. Ain't gonna happen.

[Red1Blue]

I read lot of bad things about FirstEquity. I am glad parted with them in good terms and good standing. Their card is targetted for low credit scores and high risk people so they can charge lot of interest.

[Geordi]

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@Red1Blue wrote:

FirstEquty closed my account.

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Sorry about your lost tradeline. It always hurts when one of your accounts gets closed.

However, First Equity is notorious for rate jacking; CLDs; and account closures. If I have learned anything in my credit repair journey, it is that you have to walk away when the devil is offering you credit when no one else will.

I know sometimes you have to get a TL from a questionable lender, but use that TL to get other credit lines from better lenders. Then dump the questionable TLs.

Consider it a blessing in disguise. GL

Message Edited by Geordi on 09-04-2008 07:08 PM