Author Topic: ATTN: CORPORATE FINANCIAL SPAGS  (Read 3063 times)

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
ATTN: CORPORATE FINANCIAL SPAGS
« on: September 01, 2009, 05:57:39 pm »
If I let my credit card naturally expire, does that count the same as cancelling it on my credit report?

Googling this doesn't help.

Thurnez Isa

  • Director of the Church of Pornography and Jesus
  • Deserved It
  • ****
  • Posts: 32178
  • SCREAMING PRIMATE
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #1 on: September 01, 2009, 06:00:37 pm »
doesn't your credit card company just send you a new one when it expires?

mine does
Through me the way to the city of woe, Through me the way to everlasting pain, Through me the way among the lost.
Justice moved my maker on high.
Divine power made me, Wisdom supreme, and Primal love.
Before me nothing was but things eternal, and eternal I endure.
Abandon all hope, you who enter here.

Dante

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #2 on: September 01, 2009, 06:01:47 pm »
Ah, but when they raised their rates on me, I told them I wanted to let the contract expire.

Sir Squid Diddimus

  • Deserved It
  • ****
  • Posts: 42607
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #3 on: September 01, 2009, 06:05:10 pm »
If I let my credit card naturally expire, does that count the same as cancelling it on my credit report?

Googling this doesn't help.

Nope.
You have to actually cancel it, or it shows up as an open account.

The Good Reverend Roger

  • Horrible Bastard
  • One-Armed Jizz Moppers
  • Deserved It
  • **
  • Posts: 36736
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #4 on: September 01, 2009, 06:06:49 pm »
If I let my credit card naturally expire, does that count the same as cancelling it on my credit report?

Googling this doesn't help.

Call your cc company.
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

 "Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

Sir Squid Diddimus

  • Deserved It
  • ****
  • Posts: 42607
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #5 on: September 01, 2009, 06:07:55 pm »
Oh, even then it'll still show up as
"paid as promised m(or in full), account closed"

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #6 on: September 01, 2009, 06:12:46 pm »
Call your cc company.

I did, they said it wouldn't, but I don't trust those fuckers.

Oh, even then it'll still show up as
"paid as promised m(or in full), account closed"

Yeah, that's what I figured.

I'll wait a week, then request my credit report to see what they actually did.  I may have to "leave a comment" on that one.

Sir Squid Diddimus

  • Deserved It
  • ****
  • Posts: 42607
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #7 on: September 01, 2009, 06:27:46 pm »
To my knowledge every credit card, loan and or other thing that was either paid in installments or not paid at all shows up on your credit report and stays there.
I think some things disappear after 7 years- like unpaid hospital bills, unpaid cards, things of that nature.
But as long as you have an active account it will show. If it's inactive (closed) it shows up as an account you had, then  paid, then closed. I don't think those go away.
I still have shit from the early 90's that were paid off on my report.

However, anything you have and have paid off doesn't show up negatively. It shows you're able to pay your bills. So unless it's like "Billy Joe's Big House of Titties and Wieners" I don't think you have to worry much.

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #8 on: September 01, 2009, 06:31:41 pm »
Well, I know that any time you cancel a card, it shows up as a negative to CC companies, in that you're not a "reliable" (read: "sheep-like") customer.  I suppose letting it expire means your contract has come to an end, but I bet that it will still red flag.

AFK

  • We all
  • Deserved It
  • ****
  • Posts: 73111
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #9 on: September 01, 2009, 07:32:59 pm »
To my knowledge every credit card, loan and or other thing that was either paid in installments or not paid at all shows up on your credit report and stays there.
I think some things disappear after 7 years- like unpaid hospital bills, unpaid cards, things of that nature.
But as long as you have an active account it will show. If it's inactive (closed) it shows up as an account you had, then  paid, then closed. I don't think those go away.
I still have shit from the early 90's that were paid off on my report.

However, anything you have and have paid off doesn't show up negatively. It shows you're able to pay your bills. So unless it's like "Billy Joe's Big House of Titties and Wieners" I don't think you have to worry much.

What's in YOUR wallet?   :lulz:
Cynicism is a blank check for failure.

The Good Reverend Roger

  • Horrible Bastard
  • One-Armed Jizz Moppers
  • Deserved It
  • **
  • Posts: 36736
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #10 on: September 01, 2009, 07:36:11 pm »
To my knowledge every credit card, loan and or other thing that was either paid in installments or not paid at all shows up on your credit report and stays there.
I think some things disappear after 7 years- like unpaid hospital bills, unpaid cards, things of that nature.
But as long as you have an active account it will show. If it's inactive (closed) it shows up as an account you had, then  paid, then closed. I don't think those go away.
I still have shit from the early 90's that were paid off on my report.

However, anything you have and have paid off doesn't show up negatively. It shows you're able to pay your bills. So unless it's like "Billy Joe's Big House of Titties and Wieners" I don't think you have to worry much.

What's in YOUR wallet?   :lulz:

:spittake:
" It's just that Depeche Mode were a bunch of optimistic loveburgers."
- TGRR, shaming himself forever, 7/8/2017

 "Billy, when I say that ethics is our number one priority and safety is also our number one priority, you should take that to mean exactly what I said. Also quality. That's our number one priority as well. Don't look at me that way, you're in the corporate world now and this is how it works."
- TGRR, raising the bar at work.

SuuCal

  • The Goddamn Industry Professional Who
  • Deserved It
  • ****
  • Posts: 177135
  • Heartless and regal murderess of the intertubes.
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #11 on: September 01, 2009, 07:50:58 pm »
No. You have to close your line of credit. If your card expires, the account is still open.
Sovereign Episkopos-Princess Kaousuu; Esq., Battle Nun, Bene Gesserit.
Our Lady of Perpetual Confusion; 1st Church of Discordia

"Add a dab of lavender to milk, leave town with an orange, and pretend you're laughing at it."

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #12 on: September 01, 2009, 07:53:27 pm »
Really?  So, you don't have a card, but your account is open... if you requested it, could you get a new card w/o the application process?

SuuCal

  • The Goddamn Industry Professional Who
  • Deserved It
  • ****
  • Posts: 177135
  • Heartless and regal murderess of the intertubes.
    • View Profile
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #13 on: September 01, 2009, 07:54:58 pm »
Really?  So, you don't have a card, but your account is open... if you requested it, could you get a new card w/o the application process?

Yes. As long as your card just expired, it's still open, and you can request a new card if they didn't send you one automatically. If you don't want a new card and your account is in good standing, you can call and close your line of credit.
Sovereign Episkopos-Princess Kaousuu; Esq., Battle Nun, Bene Gesserit.
Our Lady of Perpetual Confusion; 1st Church of Discordia

"Add a dab of lavender to milk, leave town with an orange, and pretend you're laughing at it."

LMNO

  • Lubricated and Rabid Lungfish of Impending Sexdoom™
  • Deserved It
  • ****
  • Posts: 87074
  • Internet Fuckweasel of Haunted Pork Dimensions.
    • View Profile
    • Earfatigue Productions: When it has to sound like you give a shit.
Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #14 on: September 01, 2009, 07:56:26 pm »
As far as credit reports go, would it be a good idea to keep the account open after paying off the balance?