Barclay Closed Accts Question

[Anonymous]

I've read a lot about people having credit limit decreases and even closed accounts from Barclays because of subsequent inquiries and new credit. My question is: other than the impact on overall utilization, how does the closure of an account by the creditor effect your credit report?

[pizzadude]

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@Anonymous wrote:

I've read a lot about people having credit limit decreases and even closed accounts from Barclays because of subsequent inquiries and new credit. My question is: other than the impact on overall utilization, how does the closure of an account by the creditor effect your credit report?

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I'd recommend taking a look at this stickied thread ~ basically there is no impact to your FICO score unless your revolving utlization increases as a result of losing the credit limit.

http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/td-p/347190

[Anonymous]

Thank you. I wasn't sure if an account that was opened and closed within months would be viewed negatively. 

[pizzadude]

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@Anonymous wrote:

Thank you. I wasn't sure if an account that was opened and closed within months would be viewed negatively. 

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I don't think it would be an issue with most creditors, and it wouldn't impact your FICO score negatively for only being open a few months....