Understanding FICO® Scoring

[colleenm]

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)

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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

[Brammy]

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