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Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012
0

Re: Wal-Mart credit card closed?

how is this going to impact the mortgage hunt? My overall utilization will go up I know... Now I only have a capital one and hsbc credit cards...

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Regular Contributor
ILBrian
Posts: 150
Registered: ‎03-20-2007
0

Re: Wal-Mart credit card closed?

Utilization is the only immediate factor, age will remain for 10 years Be Persistant explain that there has been activity... i'm sure you can get this reversed if thats the true reason
Wallet: Discover IT, Discover Gas, Citi Professional (6.74% apr), Chase Freedom, Cap1 Quciksilver, Élan Financial Rewards, BOA Amex, Walmart, CareCredit, Paypal Smart Connect, Kohls, HSBC Cash or Fly, Chase Sapphire Preferred, Amex Zync, Amex Blue Cash Preferred, USAA Plat Rewards, Chase Ink, NFCU Plat
Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012
0

Re: Wal-Mart credit card closed?

I've spoken with 3 front line CSRs who have all said it is due to inactivity, I'll try the back door number asap. One told me to wait until I got the letter explaining this but I don't need the hit to my score for utilization increase right now. One step forward, four steps back. Grrr

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Frequent Contributor
Dadaluma83
Posts: 364
Registered: ‎08-23-2011
0

Re: Wal-Mart credit card closed?

This is why I never pay in full before the statement too many unknowns on what constitutes activity. Maybe their computer program that checks account activity only looks at reporting balance and if it sees a statement balance of 0 it assumes the card was inactive that whole month? So if you paid every statement so far to 0 before the statement cut the computer could have flagged it as an opened account that has never been used?

 

Definitely call and find out exactly how  they determined inactivity.

FICO Scores: TU: 768 (Jan 2012), EQ: 755 (Jan 2012 Lender pull)
Regular Contributor
ILBrian
Posts: 150
Registered: ‎03-20-2007
0

Re: Wal-Mart credit card closed?

Front line are not helping go up the chain request a manager if the backdoor doesn't work
Wallet: Discover IT, Discover Gas, Citi Professional (6.74% apr), Chase Freedom, Cap1 Quciksilver, Élan Financial Rewards, BOA Amex, Walmart, CareCredit, Paypal Smart Connect, Kohls, HSBC Cash or Fly, Chase Sapphire Preferred, Amex Zync, Amex Blue Cash Preferred, USAA Plat Rewards, Chase Ink, NFCU Plat
Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012
0

Re: Wal-Mart credit card closed?

They will not reinstate the account. I tried the backdoor number on the sticky but it did not work. I am so frustrated!!! Any other options???

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Epic Contributor
Creditaddict
Posts: 20,909
Registered: ‎10-23-2007
0

Re: Wal-Mart credit card closed?


AutumnC74 wrote:
They will not reinstate the account. I tried the backdoor number on the sticky but it did not work. I am so frustrated!!! Any other options???

submit payment to the other 2 cards to balance out the loss of util.

sorry.

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Senior Contributor
Booner72
Posts: 3,889
Registered: ‎05-24-2011
0

Re: Wal-Mart credit card closed?

Can I ask you how long you've had this card?  And out of curiousity, what was the limit?  Thanks.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Wal-Mart credit card closed?

That just sucks, I wouldn't reapply just out of spite.  Two months is not inactivity.  Anything else going on in your credit file that could have spooked them?  It sure looks like they are just using this as an excuse. 

Established Contributor
Smug
Posts: 961
Registered: ‎12-21-2010
0

Re: Wal-Mart credit card closed?

I have not used mine in 6 months still there.
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!

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