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I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?
@n777ua wrote:I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?
The account stays the same, history, opening date etc. You will get a new NUMBER, but it is the account that matters on the credit report. So, don't worry about that.
Actually it depends on how BofA handled it. I had a card that was compromised (potentially by a seller who stored info online) and was notified by Bof A that I would get a new card (I never reported anything they contacted me). What happened is they closed the account completely and opened a new account - and sent a new card. I showed both accounts for a while and eventually the old one dropped. Some opening date, same credit limit but I did lose the maximum payment history reflecting all on time. When I look at the details on a real credit report it just reflects the payments made after receiving the new card not line after line of green boxes. I'm sure it does not effect anything but how I feel about it.
From now on I will always say I damaged the card and never fess up to losing the card.
@longtimelurker wrote:
@n777ua wrote:I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?
The account stays the same, history, opening date etc. You will get a new NUMBER, but it is the account that matters on the credit report. So, don't worry about that.
This is correct, it will just be a new number updated on the same history.
Similiar situation happened to me last year?
I think my credit card number was compromised either by my swiping it somewhere or by Bofa.
Anyway, I ended up with a new card number, my credit report actually shows a closed account and this current account. It does say in the comments for this current account that the information is disputed by me. Which I didn't technically dispute. The rest of the info remained the same.
I recall reading somewhere that accounts that are being disputed aren't used in your utilization calculator and fico scoring, is this right?