topic Re: Lost Card in Credit Cards

Lost Card

n777ua — Mon, 05 Aug 2013 16:13:49 GMT

I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?

Re: Lost Card

Anonymous — Mon, 05 Aug 2013 16:18:29 GMT

@n777ua wrote:
I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?

The account stays the same, history, opening date etc. You will get a new NUMBER, but it is the account that matters on the credit report. So, don't worry about that.

Re: Lost Card

scenery_guy — Mon, 05 Aug 2013 21:17:30 GMT

Actually it depends on how BofA handled it. I had a card that was compromised (potentially by a seller who stored info online) and was notified by Bof A that I would get a new card (I never reported anything they contacted me). What happened is they closed the account completely and opened a new account - and sent a new card. I showed both accounts for a while and eventually the old one dropped. Some opening date, same credit limit but I did lose the maximum payment history reflecting all on time. When I look at the details on a real credit report it just reflects the payments made after receiving the new card not line after line of green boxes. I'm sure it does not effect anything but how I feel about it.

From now on I will always say I damaged the card and never fess up to losing the card.

Re: Lost Card

LS2982 — Mon, 05 Aug 2013 23:16:53 GMT

@Anonymous wrote:
@n777ua wrote:
I lost my BoA card and requested a repalcement. How will this show on my CR ? Will a new account pop up, and if so do I need to be worried about falling scores, lenders seeing a new account...etc ?
The account stays the same, history, opening date etc. You will get a new NUMBER, but it is the account that matters on the credit report. So, don't worry about that.

This is correct, it will just be a new number updated on the same history.

Re: Lost Card

vpae — Mon, 05 Aug 2013 23:23:55 GMT

Similiar situation happened to me last year?

I think my credit card number was compromised either by my swiping it somewhere or by Bofa.

Anyway, I ended up with a new card number, my credit report actually shows a closed account and this current account. It does say in the comments for this current account that the information is disputed by me. Which I didn't technically dispute. The rest of the info remained the same.

I recall reading somewhere that accounts that are being disputed aren't used in your utilization calculator and fico scoring, is this right?