1. Are store revolving credit cards i.e. HomeDepot,Sears, etc. treated the same way as Bank Credit Cards? Will your credit score suffer by closing these cards?
2. I was stunned to find that being a card holder on someone elses Credit Card account is the same as if I was the account owner and that it appears on my credit report. Is this correct? Even if I neverused the card, am I liable if the primary holder does not pay and is my credit card score affected accordingly?
3. Am I able to have my card cancelled? If yes, how will this affect my credit? If no, is there anything that can be done ?