@myjourney wrote:
See all green highlighted sections above
Lets address this as was stated which I responded to....
The comment was on a closed account so lets go there please (yes significant)....
The account being open or closed with the lender here doesn't matter...as long as you pay as agreed
But seems you're not aware that most lenders will yes set the available credit balance to $0
And what you also failed to address is 90.9% of the time when the lender who will still report monthly to the CB's because a balance is owed ...with that $0 available limit
will also marked the account as closed by lender with a balance showing .....This is and always has been a Fico no no
That will most definitely result in a significant scoring ding which is in essence looks just like a collection account with a unpaid balance (baddie)
on a closed account....Really
So no this is not or will this show like a $0 if its reported as a closed account by lender with a balance to the CB's.....please
Try to give info based on the facts of OP not what always happened to you
That's not fair or relevant to 99.9% of the general populace and honestly credit changes each and everyday so what happened 3 years ago and seen in your case may have changed 2-3 times since ....or at the very least give more current info say 6 months to a year ...geez Lol
Unless these accounts that you always speak of from years ago and you're still paying them off
Then I would understand but you speak of carrying a lot of balance and using BT's regularly so are these all the results from years ago and if still open with balances how do they show on your CR's now a days?
So, sauce for the gander, level playing etc:. How recent is your information MJ? Just looking at my credit report and my accounts, including those closed by AA, report their original credit limits
@Anonymous wrote:
@myjourney wrote:
See all green highlighted sections above
Lets address this as was stated which I responded to....
The comment was on a closed account so lets go there please (yes significant)....
The account being open or closed with the lender here doesn't matter...as long as you pay as agreed
But seems you're not aware that most lenders will yes set the available credit balance to $0
And what you also failed to address is 90.9% of the time when the lender who will still report monthly to the CB's because a balance is owed ...with that $0 available limit
will also marked the account as closed by lender with a balance showing .....This is and always has been a Fico no no
That will most definitely result in a significant scoring ding which is in essence looks just like a collection account with a unpaid balance (baddie)
on a closed account....Really
So no this is not or will this show like a $0 if its reported as a closed account by lender with a balance to the CB's.....please
Try to give info based on the facts of OP not what always happened to you
That's not fair or relevant to 99.9% of the general populace and honestly credit changes each and everyday so what happened 3 years ago and seen in your case may have changed 2-3 times since ....or at the very least give more current info say 6 months to a year ...geez Lol
Unless these accounts that you always speak of from years ago and you're still paying them off
Then I would understand but you speak of carrying a lot of balance and using BT's regularly so are these all the results from years ago and if still open with balances how do they show on your CR's now a days?
So, sauce for the gander, level playing etc:. How recent is your information MJ? Just looking at my credit report and my accounts, including those closed by AA, report their original credit limits
Does it have a balance tho?
Nevermind I know you no it doesn't Lol
@Anonymous wrote:
@Anonymous wrote:
There are a number of factors. 9% overall gives you the best score (or at least anything lower has very little effect...diminishing returns and all that). The banks don't really care (or at least don't always, some banks care mroe than others) how much you use, but util affects credit score....but any drop in credit score is ONLY until the next update of any account with high util. The lower score is the real issue (and then only if you looking for new credit RIGHT THEN or a creditor looks at your report RIGHT THEN and decides to take AA), and those effects are only very short-term.
What is AA?
I haven't called EO yet because I wanted to have some significant activity to show them I am using the card. I don't know what they see on my account, but when I received the 0% APR offer that reminded me to use the card (whether I use the offer or not), I spent/wasted my time setting up the activity alerts, etc., on the card and was just waiting for the invoices I planned to pay on the card to arrive. I did this a few weeks before the date of their cancellation letter.
Chase already offered to transfer the CL to another card if I want. I don't need the additional CL and I don't know why they think I want to apply for a new Slate card when they are only annoying me by telling me I can't just keep the one I already have. If I have to reset the account start date to 2016, I may as well shop other banks' credit cards. I can just use my other Chase cards when the reward is better than another card.
AA = Adverse action. CLDs, balance chasing, closing accounts.
Technically, what Chase is doing to you (closing the account) is an adverse action, but with no usage and zero balance, you're probably getting the least adverse of adverse actions in the history of banking. 
