FNBO CLD ****Master Thread****

[Doodlebug30]

So I call up FNBO bc I hit the 4 months mark and wanted to try for a CLI. They said no bc my account was just CLD. HUH?? I have never had a cld on any account ever and I have no missed payments or late payments on their acct or any other. No changes to my credit which sit around 765 and I'm seriously baffled. I opened the card 10 months ago. I'm carrying a 0% balance of about 3k of 16,500 limit. They slashed my limit to 3150. So balance chased? But why?? So, paid off that card and I'm closing it today. I am pretty mad bc they did this right at statement cut and now it shows I have a card at 95% utilization. Should I let one more statement generate (with a zero balance) or just close it now? I really want to close it now but I want what's best for my fico ... Thanks. 

[SouthJamaica]

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@Doodlebug30 wrote:

So I call up FNBO bc I hit the 4 months mark and wanted to try for a CLI. They said no bc my account was just CLD. HUH?? I have never had a cld on any account ever and I have no missed payments or late payments on their acct or any other. No changes to my credit which sit around 765 and I'm seriously baffled. I opened the card 10 months ago. I'm carrying a 0% balance of about 3k of 16,500 limit. They slashed my limit to 3150. So balance chased? But why?? So, paid off that card and I'm closing it today. I am pretty mad bc they did this right at statement cut and now it shows I have a card at 95% utilization. Should I let one more statement generate (with a zero balance) or just close it now? I really want to close it now but I want what's best for my fico ... Thanks. 

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Since it's got zero balance you can close it. The zero balance will be reported.

[M_Smart007]

Doodlebug300, Sorry for your CLD,

Definitely would NOT close it with a balance!

You also might pull your reports from https:/www.annualcreditreport.com/index.action

Go over them with a fine tooth comb,

see if something popped up on your report that would trigger FNBO to CLD you.

Something is just not right.??!!

[M_Smart007]

@SouthJamaica, I know it is early, you may want to re-read OP's post.?

"I'm carrying a 0% balance of about 3k of 16,500 limit. They slashed my limit to 3150"

[Jnbmom]

@Doodlebug30 

Sorry about the CLD. A while back they just closed my account outright. I had no major changes whatsoever. I can't remember the reason they gave I think inquires but I really didn't have many more then when I had opened their account . 

[Doodlebug30]

@M_Smart007 , Can I see all that stuff when I pull my reports from Experian and credit karma? My scores haven't changed either. WEIRD. I paid off the balance on FNBO and it finally shows a zero balance in my account today so should I just close it? Or wait until the next statement cut? 

[M_Smart007]

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@Doodlebug30 wrote:

@M_Smart007 , Can I see all that stuff when I pull my reports from Experian and credit karma? My scores haven't changed either. WEIRD. I paid off the balance on FNBO and it finally shows a zero balance in my account today so should I just close it? Or wait until the next statement cut? 

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@Doodlebug30,

It is best to pull www.annualcreditreport.com ..the reason being you can see ALL three reports with clarity,

Experian would probably show accuracy, but I would not trust credit karma for accuracy!

Also you will get very detailed info, that you would NOT otherwise get.

It is a good idea to check all three reports, as to make sure everything is in order.

Something that I have done, and will continue to do.

I know the knee-jerk reaction is to close the card, and that is certainly your choice,

I did it with a Target store card, when they CLD'd the limit from $700(ish) to $500. for 7 months of NON-Use.

But it was only a store card, and I had no intention on using it. So I closed it.

It was by far my lowest limit card.

You may reconsider keeping it open, as it is a major CC, and the limit is not $500 ...but it is entirely up to you.

I try to really think things through with credit, as once it is done ..it is done!  ..no going back.

ETA:

Also what is your EX FICO9 score from FNBO's site?

Example;

Your FICO® Bankcard Score 9 , pulled on 09/10/2022 from Experian, is the same score we use to manage your account.

[Doodlebug30]

@M_Smart007 , it's showing 756. I will pull annualcreditreport. But I keep a close eye thru Experian 3 report option and I have no outstanding bills at risk of collection or anything so I just don't get it. Also, I do have a lot of other cards I can use. I just opened a wells Fargo active cash (hasn't reported yet!) So it's also a 2% card. I'm just worried FNBO will close my account on me. I'd rather me close it right? 🤷🏻‍♀️ Bummer but I do have plenty of credit to pick from so... 

[M_Smart007]

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@Doodlebug30 wrote:

@M_Smart007 , it's showing 756. I will pull annualcreditreport. But I keep a close eye thru Experian 3 report option and I have no outstanding bills at risk of collection or anything so I just don't get it. Also, I do have a lot of other cards I can use. I just opened a wells Fargo active cash (hasn't reported yet!) So it's also a 2% card. I'm just worried FNBO will close my account on me. I'd rather me close it right? 🤷🏻‍♀️ Bummer but I do have plenty of credit to pick from so... 

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Got it.

One further note, FNBO can be sensitive to new inquiries (profile dependant)

So they will mitigate risk, if you are seeking new credit, escalating debt or have a lot of recent inquiries. (again, profile dependant)

ETA: If FNBO wanted to close it, they would have already. It does not really matter in the notation part of a closed account, whether it states "Account closed at credit grantor’s request " or "Account closed at consumer’s request " it is all personal preference.

I have many Synchrony accts. that show "Account closed at credit grantor’s request " it does NOT affect my ability to get approvals.

Good Luck!

[Doodlebug30]

Thats good to know! I always thought it would look bad on me if THEY closed it instead of me...Idk what Im gonna do. I will prob still close it but idk. Does it matter that its under a year old account? 10 months old...