09-28-2012 01:31 PM
We were days away from making offer on a home after 7 months of successfully repairing my credit. Someone got a hold of my credit card # and maxed it up to it's $1,000 limit. After assurance from CC company (applied bank) that we would be reimbursed for all fraudulent charges I went ahead and paid it down to 9% as the reporting date is 10/2.
My question is now that I'm being issued a new card (CC Company used term new account) will that effect my average age of credit? Will it appear as a new account? will my credit report show the stolen account as closed? I asked the credit card CSR these questions but could tell she didnt understand what I was asking her.
Ty for any input
09-28-2012 02:14 PM - edited 09-28-2012 03:44 PM
Earlier this year, my replacement card for a lost/stolen bofa card (opened in 2008) was reported as a new account/new #, but date opened was the same as the original. I didn't lose any points because of the change, in fact, I think it added to my aaofa because it looked like I had two cards going back to 2008. However, it all depends on how Applied Bank reports that new line.
09-28-2012 02:32 PM
09-28-2012 04:08 PM
Thank you for the responses. Do you remember about how long it took to get the red flag removed from the account? We'd like to get the house under contract and start the loan application as soon as its cleared up!
09-28-2012 06:10 PM
I don't remember having a red flag on mine at all. Sorry.
09-28-2012 07:16 PM
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.