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@lakerfan2011 wrote:I have never had mess with mine yet so I am praying they don't
Sorry to hear about the closures. Maybe I missed it, but could you list out all the cards you have?
Having two cards closed by the bank should not drastically change your FICO scores. Where are you getting scores that show a big change?
@NRB525 wrote:
@lakerfan2011 wrote:I have never had mess with mine yet so I am praying they don't
Sorry to hear about the closures. Maybe I missed it, but could you list out all the cards you have?
Having two cards closed by the bank should not drastically change your FICO scores. Where are you getting scores that show a big change?
Only way I could see this is dependent upon what other cards and balances of closed card messing with utilizations.
@lakerfan2011 wrote:I have never had mess with mine yet so I am praying they don't
Hopefully you don't have any issues. If the sync closures didn't really mess with your scores or utilization, you should be fine. Just came from a thread where someone was balance chased on their amex. After paying them off, chase balance chased them. If that were to happen to you, Barclays would almost 100% follow suit.
@lakerfan2011 wrote:what is there deal anyways no other bank is doing this i never misssed payment in my credit in years and years and years
IMHO they are hurting financially and this is a fast and easy (but stupid) way to pretend that their balance sheet isn't as bad as it actually is.
I found a way to leave voice mails directly for MS Keane on her voice mail while I have wAiting got an answer and they pulled her name out of the employee directly I have been calling lol
This alarmed me, I had to check. My limit is still intact...still at $15K. I use it twice a year and pay in full each time.
@SouthJamaica wrote:
@lakerfan2011 wrote:what is there deal anyways no other bank is doing this i never misssed payment in my credit in years and years and years
IMHO they are hurting financially and this is a fast and easy (but stupid) way to pretend that their balance sheet isn't as bad as it actually is.
@SouthJamaica While I'm not disagreeing with you, but couldn't the same thing be said for consumers who use Synchrony (and high limits on cards they really don't use) as a way of pretending that their credit debt isn't as bad as it is?
Synchrony is mostly used around these here parts as a means of disguising the debt that one is actually carrying by showing lower utilization because they have north of 50k on cards they hardly (or never) swipe.
Just want to chime in and thank y'all for the deepest laughs I've had in a while. So far so good over here with Synchnoary... what a great read this thread has been. 🤣🤣
glad we can entertain u but I am actually pist off at sychnoary right now lol
@Loquat wrote:
@SouthJamaica wrote:
@lakerfan2011 wrote:what is there deal anyways no other bank is doing this i never misssed payment in my credit in years and years and years
IMHO they are hurting financially and this is a fast and easy (but stupid) way to pretend that their balance sheet isn't as bad as it actually is.
@SouthJamaica While I'm not disagreeing with you, but couldn't the same thing be said for consumers who use Synchrony (and high limits on cards they really don't use) as a way of pretending that their credit debt isn't as bad as it is?
Synchrony is mostly used around these here parts as a means of disguising the debt that one is actually carrying by showing lower utilization because they have north of 50k on cards they hardly (or never) swipe.
I don't think so.
A consumer who has large unused credit limits isn't deceiving anyone; it's all there in the credit report.
A lender with publicly traded stock which (a) suddenly closes a large number of its least risky accounts, (b) while remaining stuck with its more risky accounts, (c) in order to quickly reduce its loan loss reserves (d) so as to camouflage its waning profitability, is misleading the investing public unless it were to disclose what it has been doing. I seriously doubt that it disclosed to the investing community that it was closing perfectly sound accounts, for which it paid plenty in customer acquisition costs, in order to cook its books.