topic Re: SYNCHRONY BANK/ASHLEY FURNITURE in Credit Cards

SYNCHRONY BANK/ASHLEY FURNITURE

cgeefly — Sun, 25 Aug 2019 14:15:04 GMT

Hello All:

I opened my Ashley Furniture card in 2017. Purchashed a bed, at 750.00. My limit was 1k. Paid the bed off in 2017, took about 6months.

I have not used it since, as they have not raised the limit past the 1k. Just got an alert on my credit report that they have closed the account due to inactivity. This will definitely add a zinger to my credit report. Presently I am 698-715 across the board. What do you suggest that I do-the card was never late, and I paid it off quickly.

Thoughts?

Re: SYNCHRONY BANK/ASHLEY FURNITURE

CreditInspired — Sun, 25 Aug 2019 17:43:21 GMT

Hi there

Since the card was only $1K and had a $0 balance, there will be no zinger to your credit. The card will report for another 10 years so I wouldnt give the closure another thought.

Re: SYNCHRONY BANK/ASHLEY FURNITURE

Meanmchine — Sun, 25 Aug 2019 18:16:54 GMT

I opened my Ashley account and was given a $2k SL. 15 months later, with no purchases ever being made, Synchronvy closed it. I hear they also monitor Rooms R Us accounts. Sorry op

Re: SYNCHRONY BANK/ASHLEY FURNITURE

Anonymous — Sun, 25 Aug 2019 18:33:19 GMT

It’s understandable in that it’s money sitting idle that could be better put somewhere else by the bank, but it stinks that they close it out like that. Not many of us are constantly buying furniture to keep such a line active regularly...

Re: SYNCHRONY BANK/ASHLEY FURNITURE

cgeefly — Mon, 26 Aug 2019 03:58:53 GMT

agreed!

The way they closed it was irritating, they told me that they can reopen it, BUT it will be a hard pull on my cedit report.

Are they nuts?

No way!

Thanks for the reply!

@Anonymous wrote:
It’s understandable in that it’s money sitting idle that could be better put somewhere else by the bank, but it stinks that they close it out like that. Not many of us are constantly buying furniture to keep such a line active regularly...

Re: SYNCHRONY BANK/ASHLEY FURNITURE

cgeefly — Mon, 26 Aug 2019 04:00:18 GMT

OK THEN...

I have forgotten them already

Thanks for your help!

Re: SYNCHRONY BANK/ASHLEY FURNITURE

cgeefly — Mon, 26 Aug 2019 04:02:09 GMT

As long as it does not effect my credit...I am good!

Thanks for the reply!

Re: SYNCHRONY BANK/ASHLEY FURNITURE

Anonymous — Mon, 26 Aug 2019 06:47:27 GMT

It’ll continue to report as a closed, good tradeline for up to 10 years like any other account. No age-factor ill effects to worry about.