Random closing of accounts?

[Anonymous]

I've been reading some threads on here and it kind of scares me that some CCCs will close an account even though it's in good standing, etc... Kind of scares me..

[lg8302ch]

I doubt that account closures are random. We do not get all the facts here. I am not worried about account closures at all.  I even survived inactivity for 10+ years on 1 BofA account Today  I realize how much luck I had and I am so grateful as it is by far  my oldest account.  The only thing I will make sure now is to use all of my cards to avoid account closures for inactivity but certainly do not worry about random closures as I do not believe in this. There must be some reason behind in my opinion.

[DomoNomo]

It will close due to inactivity.  I don't know if you guys remembered a chain store call Mervyn's.  I had a store card with them back in 2000 and never used it.  It closed in 2009.  At least that's what's reporting on my CR.  I believe if you use it, you won't lose it.

[Fico2Go]

Of the account closures I read here seems many were related to irregular activities like:

Adding too many AUs.
Making too many payments per month.
Apping excessively after new acct opening.
Dramatic changes in DTC ratio.
Dramatic drop in scores.

[Longroad]

Exactly. There were reasons not just random closings

[Rikku]

I don't think that the average CC user needs to worry about "random" account closure. We see posts about accout closure here, but there's usually a reason for it - either inactivity or the user is doing something that the CCC considers risky behavior. 

[FinStar]

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@Rikku wrote:

I don't think that the average CC user needs to worry about "random" account closure. We see posts about accout closure here, but there's usually a reason for it - either inactivity or the user is doing something that the CCC considers risky behavior. 

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+1

[myjourney]

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@FinStar wrote:

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@Rikku wrote:

I don't think that the average CC user needs to worry about "random" account closure. We see posts about accout closure here, but there's usually a reason for it - either inactivity or the user is doing something that the CCC considers risky behavior. 

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+1

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Agreed +2 

[bigblue7722]

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@Fico2Go wrote:
Of the account closures I read here seems many were related to irregular activities like:

Adding too many AUs.
Making too many payments per month.
Apping excessively after new acct opening.
Dramatic changes in DTC ratio.
Dramatic drop in scores.

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I didnt know making too many payments a month is a bad thing. Is making like 3 or 4 a lot?

[FinStar]

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@bigblue7722 wrote:

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@Fico2Go wrote:
Of the account closures I read here seems many were related to irregular activities like:

Adding too many AUs.
Making too many payments per month.
Apping excessively after new acct opening.
Dramatic changes in DTC ratio.
Dramatic drop in scores.

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I didnt know making too many payments a month is a bad thing. Is making like 3 or 4 a lot?

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3 or 4 is not really going to place you on the radar - not hurting anything (normal).  I'm thinking this may be associated with an excessive number of payments (or an irregular pattern) - of course each lender views such excessive numbers differently.