10-10-2012 07:38 PM
FYI, letter looks OK, but I'd leave out the part about disputing. Good Luck!
10-10-2012 07:49 PM
OK... It's done... Shake hands and let's get back to work.
10-10-2012 09:08 PM
Thanks fuzzybean and Shogun, I wouldn't worry about HappySoda, it seems to be a pattern of trolling this forum:
Anyway, I tweaked the letter a bit. Please let me know what you think, thanks!
Dear Sir or Madam,
I am writing this letter in order to kindly request your help. I recently canceled a First Premier credit card application in less than 24hrs and did not receive or activate the credit card. A FP account #xxxx has since started reporting to the CRAs. I previously spoke to your customer service representative to request a deletion of this tradeline and he told be that it would be removed, so I am just following up for confirmation.
Since the FP tradeline has started reporting, I have noticed that my credit score is being affected negatively by the addition of this account to my credit report in different ways, since the credit score rating is influenced by the opening of new accounts and by the average age of all accounts, which is in itself affected by opening of new accounts.
I am kindly asking FP for a courtesy gesture of goodwill to instruct the credit bureaus to remove this charge account, which was opened for less than 24hrs, from my credit reports. I would greatly appreciate this deletion as I am currently in the process of trying to rebuild my credit.
I really appreciate your time and hope to to receive a favorable response soon.
10-10-2012 09:12 PM
You're welcome, and yes that is better. Now get it sent! Now get it sent!
10-11-2012 07:22 AM
I'll throw out there that it'll be a long shot to get it deleted, or at least based on others' attempt in the past. I don't know what it did to your FICO scores. If these were your only two CCs you probably would have seen a large increase followed by a decrease once closed. If you have other open CCs, they probably are a score drain due to the new credit and impact to AAoA. While they'll hurt now, your scores will rebound in a few months (assuming they hurt it) and/or you'll see gradual increases over the next few months as these closed accts age. Your score will fully rebound inside 6-12 months and it'll continue to help as it gets older (assuming you apply for new credit in the future). In other words, if I had it, I'd let it age and it'll disappear around the 10-yr mark.
I'll agree that these are crappy cards because of their fees, rates, and low limits. However, if you search anything, like 'Apple' or 'Microsoft', you'll find that these are scams too (or so says the WWW). The internet is the digital bathroom walls of society. Anyone can say anything. You'll find similar comments about other CCs like Amex, Discover, CapOne (most def!), and so on. Don't base a decision on others' experiences. Make a judgment call on your own. I'd wait it out credit-wise for a few months. If you don't have any CCs, then try adding a secured CC from somewhere.
10-11-2012 08:15 AM - edited 10-11-2012 08:16 AM
Got it, thanks.
Anyone have First Premier or Applied Bank executive office contact information? Emails or Tel nos?
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.