Re: WaMu Secured Credit Card Program Discontinu
01-01-2009 05:07 AM
We'll see what others think, but... I would seriously consider calling and closing the account myself NOW to get the "account closed by customer" tag, rather than letting THEM close it on the 12th and risk getting the "closed by credit grantor" notation. I don't know that one way or the other actually affects your FICO, but the former sure reads better than the latter! We'll see what the more knowledgable people think.
IMHO I would not close the account. if they are going to do that, then let them. I had most of my CC accounts closed by the grantor and that has not affected my ability to get credit after DMP. Also if you are going for a mortgage and they ask about it (MR) , just tell them the truth.