What should we do with this Home Depot account.

delaney1 · ‎07-16-2015

DH has a HD account reporting that we weren't aware was still active. It shows last payment 10 years ago. CK report shows a 4200 limit and card was last reported 2006. Status open. How can an account remain open for this long with no activity? Should we request a card, because he doesn't have the card any longer or just call and have it closed.

UncleB · ‎07-16-2015

@delaney1 wrote:
DH has a HD account reporting that we weren't aware was still active. It shows last payment 10 years ago. CK report shows a 4200 limit and card was last reported 2006. Status open. How can an account remain open for this long with no activity? Should we request a card, because he doesn't have the card any longer or just call and have it closed.

If it were me I would call and request a card be sent out, then I would stick it in the SD. The dormant account isn't hurting, and if anything it's padding your utilization. Since it hasn't been used in years, when you do get a new card I would use it for a small purchase, just to 'reset' the clock. I don't know how long Citi usually allows cards to go dormant before finally closing them, but I'm sure they won't let it go on indefinitely.

Just my 2¢

SOGGIE · ‎07-16-2015

@UncleB wrote:
@delaney1 wrote:
DH has a HD account reporting that we weren't aware was still active. It shows last payment 10 years ago. CK report shows a 4200 limit and card was last reported 2006. Status open. How can an account remain open for this long with no activity? Should we request a card, because he doesn't have the card any longer or just call and have it closed.
If it were me I would call and request a card be sent out, then I would stick it in the SD. The dormant account isn't hurting, and if anything it's padding your utilization. Since it hasn't been used in years, when you do get a new card I would use it for a small purchase, just to 'reset' the clock. I don't know how long Citi usually allows cards to go dormant before finally closing them, but I'm sure they won't let it go on indefinitely.

Just my 2¢

+1

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

Anonymous · ‎07-16-2015

I would be pleasantly surprised and happy that it's propping up my AAoA! I agree, get a card and run something small on it.

Anonymous · ‎07-16-2015

I have an account like that and it shows open, but it has aged out without activity. Finally, one of the bureaus said it closed due to inactivity and I called the company and yes, it was closed. Check and see. Who knows?

delaney1 · ‎07-16-2015

So we called and they have no record of this account. After further research, seems like others have had issues with a thd/cbna listing on their credit reports. Since, it's not a negative, guess we'll just let it run it's pace.

taxi818 · ‎07-16-2015

@delaney1 wrote:
So we called and they have no record of this account. After further research, seems like others have had issues with a thd/cbna listing on their credit reports. Since, it's not a negative, guess we'll just let it run it's pace.

If you know whats good for your credit that would be the best thing to do. (leave it alone) Im not sure when citi took over home depot. but its doing more for you than helping your utilizaiton. Its really helping your AAoA more than anything. and that is priceless.