New Member
Posts: 5
Registered: ‎04-02-2013

Fico dropped 45 points for closed cc?

I need help! I have a American Signature Furniture cc from Comenity bank with a 1, 880 balace never late, I have this card since Feb 2012. Recently I received a letter from Comenity bank stating this:
"Comenity Bank issues your American Signature Furniture credit card, and we handle all account-related matters.
We regret to inform you that the American Signature Furniture credit card account program issued by Comenity Bank will be discontinued effective April 1, 2013. We genuinely regret any inconvenience this may cause you.
They also stated that the account will be closed but I can continue making payment.
The reported the account "closed by grantor" and my fico score dropped 45 points... What can I do?
I have 5 credit cards in good standing never late, student loans good standing and a carl loan also never late...
Fico went from 651 to 606 :-(

Valued Contributor
Posts: 1,072
Registered: ‎02-06-2013

Re: Fico dropped 45 points for closed cc?

     Sorry to hear that. Part of the reason is your overall CL went down so if you have any balances your util% went up and that hurt you.

390/14001100/13001500/15001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632.. If youlike this could you please give me a kudo by clicking that blue button over to the left? Thanks.Link to my Rebuild Log
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. 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.