Reply
Member
colleenm
Posts: 8
Registered: ‎06-04-2007

Why is this causing a 23 point drop

please see below - I received an alert that my score dropped 23 points and
this was shown as the reason....can someone please explain?
fyi...I have sent out a dispute indicating I did not close the account and why does it say charge in one column and not in the other??
 

FINGERHUT CREDIT ADVANTAGE  (XXXXXXXXXXXX5461)

Show/Hide Details



Account opened: 4/1999
Description: Account closed at consumer's request
Account closed by consumer

 

Previously reported

Newly reported

Balance:

$0

$0

Past due:

Not on Record

Not on Record

Status:

Pays account as agreed

Pays account as agreed

Last activity:

1/1/2007

1/1/2007

Description:

Account closed at consumer's request
Charge

Account closed at consumer's request
Account closed by consumer


Contact: FINGERHUT CREDIT ADVANTAGE, PO Box 7999, Saint Cloud, MN, 563027999

 

Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007

Re: Why is this causing a 23 point drop

[ Edited ]
Well if you closed the acocunt at zero balance it probably affected your utilization percentage.  How much other revolving credit do you have open? One of the reasons never to close a card.

 

Contact FH if account should not be closed.



Message Edited by Brammy on 08-16-2007 11:36 AM

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+