Frequent Contributor
Posts: 463
Registered: ‎11-28-2012
Re: Does fraud transaction affect credit score negatively?

bettercreditguy1 wrote:

no, it does not effect your credit score and it does NOT show up as a new account either. After one or two months your prior history and start date from your old card will be merged to the new account.

Does this depend on the company? Last year Bofa closed a bunch of accounts due to a "security breach" on their end and issued new cards. My old account was closed, reported lost/stolen & a new trade was opened. Same history of course, but both trades are on my credit reports.

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+