Understanding FICO® Scoring

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Scorry
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Scorry
Posts: 6
Registered: ‎07-30-2007

Credit Card cancelled by issuer

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‎07-30-2007 04:18 PM

Hi there,
 
How's everyone?  I have a question about how a issuer initiated cancelled credit card affects your score. 
 
Recently, my card was automatically cancelled by the issuer because someone tried to use it fraudulently.  No money was ever lost.  The issuer cancelled my credit card and issued a new one. 
 
How will this impact my credit score? 
 

 
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Established Contributor
Revike
Posts: 720
Registered: ‎05-04-2007

Re: Credit Card cancelled by issuer

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‎07-30-2007 05:43 PM - edited ‎07-30-2007 05:44 PM

Scorry wrote:
Hi there,
How's everyone? I have a question about how a issuer initiated cancelled credit card affects your score.

Recently, my card was automatically cancelled by the issuer because someone tried to use it fraudulently. No money was ever lost. The issuer cancelled my credit card and issued a new one.

How will this impact my credit score?




It shouldn't have any impact. Generally when this happens, the replacement card inherits the original account opening date, so no history is lost. The original account may disappear immediately, or it may continue to appear on the CRs for awhile, but often such accounts are deleted after a couple of years and don't stick around for the full 7 years.

Message Edited by Revike on 07-30-2007 05:44 PM
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