Credit Cards

[BKEMP1255]

How will reopening a credit card account with a balance affect my credit score? Will it be viewed as a new account?

[ilovepizza]

Should go back on as original. Some banks require a hard inquiry to reactivate and sometimes if more than 90 days they refuse reactivation. But putting and older closed account back usually is a good move in my opinion. If there is a balance it is already being factored in to UTL. Can only help not hurt imo.

Message Edited by ilovepizza on 08-28-2007 09:23 AM

[FICO_Focused]

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ilovepizza wrote:
Should go back on as original. Some banks require a hard inquiry to reactivate and sometimes if more than 90 days they refuse reactivation. But putting and older closed account back usually is a good move in my opinion. If there is a balance it is already being factored in to UTL. Can only help not hurt imo.

Message Edited by ilovepizza on 08-28-2007 09:21 AM

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I agree...

Rob