Re: HSBC Closed My Account

haulingthescoreup · ‎01-23-2012

HSBC has a long history of shutting down their bank cards PDQ for lack of usage. I've read about them doing it after two months, not just three.

They don't seem to do this so quickly with the store cards, though.

Sorry about the closure.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

jeffery581 · ‎01-23-2012

My Oldest account is paid student loan, 8.5 Years. AAof A is 1 year. Oldest Open revolving 2.3 years. No other installments reporting.

LS2982 · ‎01-23-2012

Not worried about my two, they get plenty of use!

EQ FICO 548 3/3/16

LS2982 · ‎01-23-2012

@jeffery581 wrote:
My Oldest account is paid student loan, 8.5 Years. AAof A is 1 year. Oldest Open revolving 2.3 years. No other installments reporting.

It would be up to you. Me personally I would probably close it. You have other accounts that will age with you and you'll have the closed account for 10 years.

EQ FICO 548 3/3/16

JusdoNit · ‎01-23-2012

On to better cards with unlaughable limits.

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LS2982 · ‎01-23-2012

@JusdoNit wrote:
On to better cards with unlaughable limits.

+1

EQ FICO 548 3/3/16

Anonymous · ‎01-23-2012

@RiseandShine7907 wrote:
...
(2) TOO MANY INQUIRES( I thought it was spelled "inquiries" but the letter says inquires) IN THE LAST 12 MONTHS
...

You are correct, inquiries is the plural of inquiry.

learnin113 · ‎01-23-2012

Wow, regardless of what their motives are, it's still unnerving that they're closing cards without notice. It feels like 2008 all over again.

corymcd88 · ‎01-23-2012

@CS800 wrote:
@Anonymous wrote:
Sounds like they're trying to shed some of their CC portfolio before Cap One takes it over.
Just like BOA is doing before they send the cc's to US Bank

When is BOA selling off thier credit cards? I have not seen or herd anything about that.

quest208 · ‎01-23-2012

@Anonymous wrote:
@RiseandShine7907 wrote:
...
(2) TOO MANY INQUIRES( I thought it was spelled "inquiries" but the letter says inquires) IN THE LAST 12 MONTHS
...

You are correct, inquiries is the plural of inquiry.

you dont want to be with a company that can't spell. good riddens.

im going to give them the boot soon as i apply and get my amex. i need them now for "fluff"

TU08 762
NFCU Visa Signature $20,000, Citi Prestige $15,500, USAA Mastercard $11,000, American Express Platinum, Barclays American Express $4700, Best Buy Mastercard $400, Orchard/Capital One $700

HSBC Closed My Account

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