Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
Re: New Card Causes Score Loss, Can I Close the Account and Get Those Points Back?

The damage was done a year ago.

 

Best to keep it since it will start helping you soon if it hasn't already.

 

I started seeing that "finance company" notation on some reports for HD around a year ago. My limit at HD is $13,500. It doesn't seem to do much damage and I'm assuming it will eventually get fixed. I am sure anyone looking at the report knows a HD card is a normal store card, not as 'good' as a regular CC but not consumer finance either.