WF closed my secured cc, credit lost

[Anonymous]

Hi,

I had secured credit card for 1.2 year, then WF converted it to non-secured and same day closed it for some stupid reason (seams like overlimit spending, but card even wasn't activated).

As result I'm loosing my oldest account and huge amout of cerdit history age.

Does anyone know what rights I have to fight with WellsFargo? They kept my 300$ for the year and the simply closed account damaging my credit history.

Can I do something with credit report inself now?

[john398]

Was your account completely paid off? if so they should not lkeep your $300 if it was not paid off they probably will pay it off with your deposit

The good news is, credit cards will stay on your credit report 7 to 10 years I belive

[dodgerslv]

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@Anonymous wrote:

Hi,

I had secured credit card for 1.2 year, then WF converted it to non-secured and same day closed it for some stupid reason (seams like overlimit spending, but card even wasn't activated).

As result I'm loosing my oldest account and huge amout of cerdit history age.

Does anyone know what rights I have to fight with WellsFargo? They kept my 300$ for the year and the simply closed account damaging my credit history.

Can I do something with credit report inself now?

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so did you call them and ask them why it was closed? thats weird cuz i dont think they would just close the accounts right after they had unsecured it...even if you went over the limit all you would have to do is pay the difference right away...i went over my speding limit on my secured WF card the very first month i opened it and all i did was make a payment right away and bring down the balance to 0 (the limit back then was 300). I still have the account with them and they just gave a an auto unsecured CLI last month due to good history and responsible credit.

[Anonymous]

call them, could be a mistake.

U will get your money back if it was paid off or difference if you owed a balance.. Normally takes a couple weeks..

I work at WF