08-12-2012 07:39 PM - edited 08-12-2012 07:40 PM
Hey all, Ive been lurking here for awhile and decided to make a post to see what you all think. Here are my current accounts:
Citi Forward: 1k
Capital one: $500
Old Navy Store Card: $400
Paypal Extras MC: $2k
Bill me Later - $880
Macy's - $300
Dillard's - $300
I was approved for all of these within the span of a week or so except for the Citi forward which I have had since '09, I was operating under the assumption that I had better get some accounts now before my report showed the baddies, but I'm not so sure that will save me now.
I will have some negative collections put on my credit soon due to some medical bills from when I had a blood clot in my lungs, and I was wondering if any of these cards would possibly close my account due to that negative information?, also I was seriously delinquent on the Citi account but have made a payment plan with them.
08-12-2012 07:46 PM
Depending on how many baddies show up on your Report they can do anything from shut down the cards, or just lock you at your current CL for months or longer. GE has been known not to give CLI's if new baddies show up.
08-12-2012 08:11 PM
Its about 4-5k in medical bills, and a 120 day late and a 30 day on the citi, Im just hoping they wont close my extras MC.... that would suck bigg time
08-12-2012 09:23 PM
Not likely to be a problem: medical collections aren't viewed the same by pretty much everyone as other collections.
Medical billing is one of those known issues in today's society. Check over in the rebuilding forum for strategies on how to deal with these, but suffice to say it's unlikely Citi is going to view those as more significant than the 120 day late you already have on that account, and they didn't close it so...
08-12-2012 09:28 PM
FWIW i had a few collections report and BofA hit me with a CLD then AF so i had no choice but to close that CC. Banana Republic card cut CL to less than half of what it was before. but this was back in 2009 so they may be less aggressive these days
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.