@Anonymous wrote:
@Anonymous wrote:
@AI_JMV Would you mind giving us the details of your situation? How long was that Card inactive? What are your profile stats? Like Remmy I have received alerts for a dormant card being used without score change, but if that's coming from Experian, that's an adjustable function in EX where you can choose how long if I recall correctly.
Nevertheless myself and Remmy have enough cards that one changing might not make a score difference; you may only have a few cards, I don't know until you tell us. But that was actually one area of curiosity we had so I'm definitely interested in your data points, if you're willing to share.
@Anonymous Did you have a similar situation? Or just academic curiosity?
Yes my situation was somewhat similar but with noticeable differences. I just didn't want to poach or start a very similar thread.
essentially, i opened a new cc with NFCU in February but closed it immediately (not wise- I know) to wait for a sub instead of the balance transfer they were offering -which doesn't help me. I took an immediate <5 point hit for the hp which was expected. Fast forward to March I lost 16-17 points across all three. I wondered if it was because of the account closing? My alerts all pertained to balance decreases, all of my accounts were at zero -except the account I'm an AU on. I actually called myFico and they gave me some fugazee reason about my account resetting because I closed the one account. I let my accounts report very low balances. I think $510 on $24k NFCU; $12 on $18k AMEX; $1200 on $25k BOA- and just this morning I've received alerts giving back the 16-17 points. I'm back to 718 eq 745 tu 729 ex which is about my highest as I have 8 accounts with 2 90 day lates set to fall off this year and next. So much for not poaching 😊.
@Anonymous I would've said that it was the new account penalty for the new account being opened if you didn't have a revolver less than 12 months, but since you have those 90 day lates, you are in a dirty scorecard and that does not apply.
The only dings you should have received as a result of that was the hp and then whatever hit to your average age of accounts, which I would not imagine would be that high.
Closing the account should not of had any effect scorewise and the effects of opening it would still exist, as it will be on your credit report as a closed account, or at least it should be.
I don't know what they were talking about about resetting your account but I find that very peculiar that you got the same amount of points back. Did you possibly go to all accounts reporting zero for a short period of time? That's a real mystery and I'd love to know why.
Thank you for all your help!