08-13-2008 01:37 PM
Is there any truth to the rumor that shutting down a crap card, might help boost your score? That would be nice.
08-13-2008 04:21 PM
Well that's interesting and quite the success story. I don't think I have that many points to gain, but I'm interested in seeing if there is any change in my scores. I wonder if TrueCredit will stop telling me I don't have enough premium bankcards. Hahaha.
creditreformer wrote:my experience w/closing a subprime (orchard- technically i consolidated 2 cards into 1) led to a 30 pt fico rise.
08-13-2008 05:23 PM - edited 08-13-2008 05:24 PM
Is there a rule of thumb for how long Orchard and First "Premier" (heh) need to be on file before their closing leads to a fico exhale? (score jump)
08-13-2008 08:12 PM
good job i fire mine almost a year ago and it feels good now working on getting rid of credit one bank
UpUpUp wrote:and just in time to use my fancy new shredder with a special little slot just for credit card shredding!I had stated before that I was going to keep it for the history, since it is my oldest card, but heck, I just don't want this crapper card anymore. I feel like it is making my prime cards look bad! Hehe.They have waived my annual fee in the past, or maybe...I just am not rememberly completely accurately, they did what they offered today, which was to reduce my annual fee down to $3. What the point is of charging an AF when it's only 3 bucks, is beyond me, but I turned them down. I 90 days to change my mind and reopen the card, and 30 days to reopen and still take them up on their $3 AF offer. Yeah, that's not happening. I've probably held this account open longer than any of their other customers!So long First Premier. Thanks for being there when I needed you..even if my starting CL was $250 with $178 in fees.I wonder how happy Discover, Chase and BofA will be not sharing my wallet with this yucky card any longer. (Well actually I had taken it out, but still!).Is there any truth to the rumor that shutting down a crap card, might help boost your score? That would be nice.
Message Edited by UpUpUp on 08-13-2008 02:59 PM
08-13-2008 08:14 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO