Comments on: Thinking of Closing a Credit Card? Make Sure it Really is Closed http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/ Our Journey to a Debt-Free Life Fri, 19 Mar 2010 18:39:20 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Tricia http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/comment-page-1/#comment-2796 Tricia Thu, 02 Nov 2006 03:52:22 +0000 http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/#comment-2796 Eliza - you're welcome. Bob gave a great tip. Jen - that is one of my worst fears (losing my cards). Just the hassle to get everything settled. So sorry to hear you had to go through that with Bank One. Eliza – you’re welcome. Bob gave a great tip.

Jen – that is one of my worst fears (losing my cards). Just the hassle to get everything settled. So sorry to hear you had to go through that with Bank One.

]]> By: Jen http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/comment-page-1/#comment-2767 Jen Wed, 01 Nov 2006 15:35:38 +0000 http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/#comment-2767 This reminds of when my wallet was stolen and I had to report 3-4 cards. All but one credit card company was great. Bank One took 4 months to take the fraudulant charges and the associated fees off my card!!! Each month I would call and tell them the charges were fraudulent and I had been told they'd be removed, along with the late fees and finance charges. And the next month I'd get the bill with the charges still on! After the charges were removed, I closed the card. As for closing cards, now that I have a mortgage on my credit record I am going to start closing cards I don't use anymore. I know it will affect my FICO, but I want to close some of these cards so I don't have to worry about credit card and identity theft. Maybe I'll sit down sometime and calculate my debt ratio to figure out how many I can close without adversely affecting my score. This reminds of when my wallet was stolen and I had to report 3-4 cards. All but one credit card company was great. Bank One took 4 months to take the fraudulant charges and the associated fees off my card!!! Each month I would call and tell them the charges were fraudulent and I had been told they’d be removed, along with the late fees and finance charges. And the next month I’d get the bill with the charges still on! After the charges were removed, I closed the card.

As for closing cards, now that I have a mortgage on my credit record I am going to start closing cards I don’t use anymore. I know it will affect my FICO, but I want to close some of these cards so I don’t have to worry about credit card and identity theft. Maybe I’ll sit down sometime and calculate my debt ratio to figure out how many I can close without adversely affecting my score.

]]> By: Eliza http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/comment-page-1/#comment-2764 Eliza Wed, 01 Nov 2006 13:09:31 +0000 http://www.bloggingawaydebt.com/2006/11/thinking-of-closing-a-credit-card-make-sure-it-really-is-closed/#comment-2764 wow thanks for the tip, had no clue. wow thanks for the tip, had no clue.

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