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05-15-2010 04:09 AM
The wife misplaced a credit card so we wound up having to call the CC CO. and get them to issue a new card . This morning i pull CCT and they say
Potentially Negative Information
An item is "potentially negative" when a creditor reports that you h...
05-15-2010 04:18 AM
Is this really looked upon as a negative? I didnt really think they would do it like this . Close that account ? and then start a whole new account?! Darn card was found a couple days later too . I could choke the wife!
05-15-2010 07:26 AM
I have had 8 accounts reported as lost/stolen over the last few years. None were actually lost or stolen. The first few reported that way as part of divorce. Four were defrauded. One was left in a place where I would not be able to get it again for a long period and Amex chose to change the acct # instead of just sending me an additional card.
Each time the notification of "potentially negative information" did not impact my score and had no permanent effect.
05-15-2010 12:59 PM
I believe they do this in case any erroneous charges show up on a statement following the incident, so they know you suddenly didn't decide to max out your balance.
I don't think it is harmful, but rather to protect you from any potentially harmful side-effects of a stolen card.
05-15-2010 02:02 PM
It's a temporary status I think. When I lost my Chase perfect and BoA FR, what they did were:
1/ Frozed the accounts.
2/ Changed the CC numbers.
3/ Issued the new cards.
4/ Report new CC numbers to CRA.
No score drop.
Maybe you just need to wait a month or so for the new CC number to show up in your CR.
05-23-2010 04:00 PM
OMG HAPPENED TO ME TOO!!! with the fruad stuff that happened after shutting down those 7 accounts Experian is reporting as negative info even though it says LOST/STOLEN should say IDENTITIY THEFT