New Member
Posts: 3
Registered: ‎09-27-2007

Review of Credit Account History - it this normal/legal?

Hi again -
Upon review of my credit report, I see an instance of a GEMB/Lowes "Revolving Charge Account Closed"  with payment status "Credit card lost or stolen".  The open date on this account is listed as 12/1/2001.
Right below this entry, I see another entry for GEMB/LOWES "Revolving Charge Account Open" with the status of "Open".  The open date on this account is listed as 12/1/2001 (same as previous).
While being a regular LOWES store card holder (since 12/1/2001), a few months ago I received correspondence from the company stating that my store card was being replaced with a LOWES Visa card (card was included in the mailing) and that I did not need to take any further action.  I contacted LOWES to inquire about why this was done and that I refused to use the new VISA and I wanted nothing changed with my account.
Would this be a reason why an account would show closed on my credit report?  Why would they include a separate entry on the credit report for the same "Open Data"?  Is this normal, or should I contact LOWES and try to have this corrected?  Would it have any effect on my FICA score? 
Senior Contributor
Posts: 4,596
Registered: ‎09-14-2007

Re: Review of Credit Account History - it this normal/legal?

Not necessarily youngster. I have the exact same thing popping up on my CR regarding my J.C. Penny card, which is also handled by GEMb. On my CR there are 2 line entries as yours: Closed, lost/stolen, then another line giving me correct credit history. But I've totally unaware of having it converted to a Visa card on such a change of events. I'll defer to the one's that know THAT answer
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