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RIP CREDIT ONE ACCOUNT

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RIP CREDIT ONE ACCOUNT

The AF was coming due at the end of this month, so I called Credit1 and stated I wanted to close my account. The rep immediately transferred me over to retention. When they asked me why I wanted to close the account I told them I now had much higher CLs with Discover & NFCU, my credit scores had improved significantly, and that I did not want to pay an AF for such a small CL ($800). He offered to see about giving a CLI, but I was denied because I hadn't used the card since Feb.- lack of use was the reason given. Didn't offer to waive the AF to keep me, so I closed the account. Buh-BYE, Credit1!



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: August 1, 2019: EX 674 TU 697 EQ 689
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

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Message 1 of 9
8 REPLIES 8
Valued Contributor

Re: RIP CREDIT ONE ACCOUNT


@ScooterMcDoodlebutt wrote:

 Didn't offer to waive the AF to keep me, so I closed the account. Buh-BYE, Credit1!


Yeah, Buh-BYE for sure.....just keep checking your acct. for hidden fees, af, etc. for the next several months.....don't let'em muck it up.

Starting Score: 579
Current Score: 744
Goal Score: 850


Take the myFICO Fitness Challenge

Rebuild Oct. 2018
"My Take Home Pay Don't Take Me Home"

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Message 2 of 9
Senior Contributor

Re: RIP CREDIT ONE ACCOUNT

Congrats Scoot! It did it's thing and now it's laid to RIP! Keep checking they dont pull funny business. You know the horror stories after closure.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 3 of 9
Moderator

Re: RIP CREDIT ONE ACCOUNT

Its actually a blessing that you have closed them out. Grats.
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 4 of 9
Established Contributor

Re: RIP CREDIT ONE ACCOUNT

Congratulations on your Credit one closure!!!











Current

Goal Cards

Message 5 of 9
Valued Contributor

Re: RIP CREDIT ONE ACCOUNT

Congrats on dumping them. That’s always a happy story Smiley Happy


Rose Gold/BCP/Delta Gold/Hilton Surpass/Hilton Honors | IT | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

Heir apparent to the SJ Special (finally got a Disco CLI of $300)

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
Message 6 of 9
Established Member

Re: RIP CREDIT ONE ACCOUNT

You did the right thing!!!!!!!!!!!    They hit me in the head for $9 every month because I never use the card.  I only got the card because I was coming out of a BK and like you my scores are better now.  I want to get rid of mine but its like the 2nd oldest card I have so I'm undecided about getting rid of it but its a worthless card to me at this point.  It served it's purpose of rebuilding my credit now its in the sock drawer collecting dust.  Did your credit score take a dip?

Message 7 of 9
Valued Contributor

Re: RIP CREDIT ONE ACCOUNT

@Moorehouse3000, dump it. It’ll continue to factor into age of accounts for up to 10 years after closure. Pay it off, close it, and make sure the next month in your online account that no trailing fees or interest show up. Once it doesn’t, you’re in the clear.


Rose Gold/BCP/Delta Gold/Hilton Surpass/Hilton Honors | IT | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

Heir apparent to the SJ Special (finally got a Disco CLI of $300)

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
Message 8 of 9
Established Member

Re: RIP CREDIT ONE ACCOUNT

Ok cool I might just do that!   Thanks!

Message 9 of 9
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