Reply
New Visitor
Posts: 1
Registered: ‎08-28-2007
0

REOPENING A CLOSED CREDIT CARD ACCOUNT

How will reopening a credit card account with a balance affect my credit score? Will it be viewed as a new account?
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
0

Re: REOPENING A CLOSED CREDIT CARD ACCOUNT

[ Edited ]
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
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
Posts: 905
Registered: ‎05-09-2007
0

Re: REOPENING A CLOSED CREDIT CARD ACCOUNT



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

I agree...
 
Rob

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.