Definitely a petty move on the their part. The most important part though is youve parted ways which is good. Your aaol will recover with time. Like G.I Joe, Knowing is Half the Battle. Now you know what to look for in a creditor and pick up some great advive here youll be fine. Can i get a Credit Who???
I closed my Credit1 account about two years ago. It still shows zero balance closed by consumer. So in my case, it did not get deleted. But could that bed because it was NOT my oldest account?
If they really do remove the tradeline because it's your oddest account in an effort to ding Your score, that's really crappy on there part. Such childish behavior!
All the more reason to get rid of them!
I'm glad I didn't close my Credit One rebuilder card yet. And the 1st Premier. I have been contemplating of closing them since I don't use them anymore. I'll keep them handy for a few more years I guess since they might remove them and bring my AAoA down and affect my score.
Ok, I accounted at least SEVEN Amex cards, some Citi, Chase, Discover, BofA etc etc in your profile. These are all prime lenders.
It's time for you to kill Credit1 and 1st Premiere. You being concerned because there your oldest account is non consequential!
If anything, the mere presence of them being an open account on your credit report could be considered a turn off by other lenders.
Sorry GT, that's like "not being able to see the forest because of the trees!"
Kill them today!
Ok. I might. Ugh. I just don't want it to affect my average age. But then, they were only 6-7 months older when I got my first AMEX cards. Do you think it will turn off other lenders? I didn't think about that at all.
It won't affect your average age at all, In fact, they will continue to grow and age for the next ten years until they age off your retorts.
It won't affect your age of oldest account either. Someone can correct me if I'm wrong, but I believe Fico algorithms take "full" years into account for scoring purposes. If there's only 7 months difference, between those cards and your Amex cards, the difference is zero.
Kill them, and feel good about killing them! I would.
Hello All, I closed my Credit One account a couple of weeks ago. I made this decision to get rid of the account, simply because I never use it and it had an annual fee. The information that I read about before closing said, in a nutshell, the account would be closed and report for 10 years as closed and would not affect AAoA. This is not what happened, lol Not only did they Close it, they REMOVED it! Lol like it never existed on all 3 reports. This was my oldest account so it dinged pretty hard. Good news is, there is no eveidence of this account, ever. Anyone ever experience this? Or do most creditors just mark the account "closed by consumer" any thoughts or discussion is appreciated. Thanks
I am SHOCKED!! I haven't heard of this!! So my question to everyone is how is this legal? I am sure they would leave it on your CRB's if there was something negitive to report!! I say this is CRAP!! You earned your credit history and it should still be there. I would contact someone like BBB and file a complaint
RIP OFF THE BANDAID NOW....
If you keep their cards open and pay the fees.. your being blackmailed...
You have enough PRIME cards to soften the blow...
Your going to have score fluxuations .. credit is fluid not static.. esp when younger....
Please. for the love of MyFico, ditch both Credit One and First Premier.... both are parasites and frankly on manual review of your credit report.. they stand out like sore thumbs esp if youve gone beyond them. Which you have...