I use it every month. Never been late....... I received a notice a few months back that they would be taking over. I called them because I had to reset my online account and I ask them when did they report to the CRA's. The rep told me "usully at the end of the statement period". I said okay and the nexy next month instead of them reporting the TL, it was removed and has been for a couple of months now.
Im not exactly sure if the TL was helping or not. It was new, so it was bringing down my history. i want to get a mortgage within the next 3 months, so IM scared to mess with it.
I know this does happen when a portfolio is sold (or the company issues cards through a new bank). Give it 2-3 months before panicking. I know there have been a couple of portfolio migrations for gas cards recently. Off the top of my head, BP is one of them.
This one happens to be exxon mobile. Like I said it was a positive acct, but with a short history. I wonder if it was helping or hurting my score as it was bringing down my length of history. If that put it back on I will not have any problem with it as long as they don't start the payment history over.
It was opened July 2006. So yeah it would have been a year old in 2 months. It has a $500 CL and a $100 balance. My wife is the only one that uses it and I get stuck with the bill. I used to PIF every month but when it was removed I spent the money in other areas of my credit report. it has been removed for about three months now!