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Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012

Lost or Stolen Credit Cards reported

How do these tradelines affect your score? If at all? Do lenders view these as irresponsibility on your part?

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Lost or Stolen Credit Cards reported

It will show as a duplicate for the new card you get, if you did.  Both will count against you.

 

The lost/stolen one should fall off fairly quickly.

Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012

Re: Lost or Stolen Credit Cards reported

The first (closed) line opened 8/2011,  was closed 5/2012 by BofA, and still reporting (closed, reported lost/stolen)

The new line was opened 5/12 but backdated to 8/2011 when I opened the first one.

 

I know I am not the only BofA consumer this has happened to, they closed the account due to security issues on their end - not reported lost/stolen by me.

 

Just wondering if I should ask them to remove the old one, since both trades are reported as opened the same date. I am getting some conflicting answers as to whether or not this trade line is affecting my credit profile, and now I am confused :smileysad:

 

Briefly discussed prior here:

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Lost or Stolen Credit Cards reported

Does it show a balance?  If it had any lates, do they show?

 

I would ask for the old one to be removed.

 

If the new one was backdated, and had no lates, it shouldn't hurt you.  If there was lates, then they carryover and will also hurt.

 

 

Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012

Re: Lost or Stolen Credit Cards reported


guiness56 wrote:

Does it show a balance?  If it had any lates, do they show?

 

I would ask for the old one to be removed.

 

If the new one was backdated, and had no lates, it shouldn't hurt you.  If there was lates, then they carryover and will also hurt.

 

 


Nope, no lates or any negatives on any account I have

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Lost or Stolen Credit Cards reported

It shouldn't be hurting at all.  I would ask to have it removed if you are worried about it.

Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Lost or Stolen Credit Cards reported

[ Edited ]

The only impact would be to your AAoA and mix of credit. Your new CC will show the old open date, so if you happen to lose your oldest CC, then it'll help your credit actually. Lose a bunch of new CCs, and it can negatively impact your credit once/if the new ones report. And per mix it can't hurt, but can help your mix if that was your only CC, for example.

 

It should delete by 2 yrs, if not sooner.

 

ETA....lenders don't view them negatively. I had 2-3 reporting when we applied for a mortgage, with yet another about to report during the mortgage process due to a skimmed CC. They didn't care.


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