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Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012
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Is it Better to Close or Let Close?

So I was wondering, from a credit report stand point. Does it look better to creditors if you have a tradeline that was cancelled due to inactivity, or does it look better if you requested to close the tradeline?

 

I was thinking about closing my Buckle card because I never use it. So I was wondering if I should just hang on to it and let them close it, or if I should request it to be closed. I guess since there is no annual fee it wouldn't matter, but I wanted to make sure if it were looked at any differently depending on how the tradeline was closed.

 

It's served it's purpose in helping me rebuild. Thinking Cap1 will be next as soon as the AF comes due again.

 

Thanks for any help in this.


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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Is it Better to Close or Let Close?

As far as the CAP 1 many people are having the AF removed as well as add rewards through the EO you may wish to also go that route


BrokaToe wrote:

So I was wondering, from a credit report stand point. Does it look better to creditors if you have a tradeline that was cancelled due to inactivity, or does it look better if you requested to close the tradeline?

 

I was thinking about closing my Buckle card because I never use it. So I was wondering if I should just hang on to it and let them close it, or if I should request it to be closed. I guess since there is no annual fee it wouldn't matter, but I wanted to make sure if it were looked at any differently depending on how the tradeline was closed.

 

It's served it's purpose in helping me rebuild. Thinking Cap1 will be next as soon as the AF comes due again.

 

Thanks for any help in this.


 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012
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Re: Is it Better to Close or Let Close?

[ Edited ]

myjourney wrote:

As far as the CAP 1 many people are having the AF removed as well as add rewards through the EO you may wish to also go that route


How are they doing that, through e-mail, phone call? You're talking the executive offices right? I forgot to mention the Cap1 is secured. :smileyfrustrated:


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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Is it Better to Close or Let Close?

You can read through some of the threads as far as the secured cards but its all done via email and im sending you the info:smileyhappy:

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012
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Re: Is it Better to Close or Let Close?

Awesome, thanks a bunch!


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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Is it Better to Close or Let Close?


BrokaToe wrote:

Awesome, thanks a bunch!


Sent via PM.............Good Luck

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012
0

Re: Is it Better to Close or Let Close?


myjourney wrote:

BrokaToe wrote:

Awesome, thanks a bunch!


Sent via PM.............Good Luck


Great, Thank You! I will post an update, how long did it take you to get a response on the situation?

 

As for Closing the Buckle card, still wondering if I should close it or let it close, anyone have thoughts on that?


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myjourney
Posts: 26,659
Registered: ‎02-07-2013
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Re: Is it Better to Close or Let Close?

[ Edited ]

emailed on a thursday

they called me monday

CLI posted to acct. thursday

called me on friday to confirm the changes they had made to my accounts (2)

 

As for closing the other accounts either by you or issuer im hoping someone answers that question as well im interested too. I personally don't believe in closing an accounts..unless it has extensive fees associated with it

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Valued Member
lecorps4fun
Posts: 40
Registered: ‎03-25-2008
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Re: Is it Better to Close or Let Close?

May I get that pm as well?  My card is not secure, but the CL is only $500.




Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
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Re: Is it Better to Close or Let Close?

Google "capital one ceo email"

 

and you get it in the first two results.


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