Author Topic: ATTN: CORPORATE FINANCIAL SPAGS  (Read 3064 times)

SuuCal

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #15 on: September 01, 2009, 07:59:38 pm »
As far as credit reports go, would it be a good idea to keep the account open after paying off the balance?

Yes and no. If you don't want to use the card, just get rid of it.
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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #16 on: September 01, 2009, 08:06:16 pm »
Well, that's already been done. 

So, it seems my best plan is to pay off the balance as always, and when it is paid off, not cancel the account.

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #17 on: September 01, 2009, 08:11:30 pm »
Well, that's already been done. 

So, it seems my best plan is to pay off the balance as always, and when it is paid off, not cancel the account.

Monitor it.  It may accumulate "fees".
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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #18 on: September 01, 2009, 08:14:17 pm »
Yeah.  Fuckers.

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #19 on: September 01, 2009, 10:59:17 pm »
Well, that's already been done. 

So, it seems my best plan is to pay off the balance as always, and when it is paid off, not cancel the account.

Watch out, the bank might cancel the account unexpectedly if you're not using it, so you might want to have them send you a new card. Then charge something small every couple of months so they don't close it on you-that way your credit score won't drop when your potential for debt goes down (financial types, please correct this statement if it's inaccurate). Someone at my work took a hit to his credit score because he had several unused credit cards that were suddenly canceled on him.
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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #20 on: September 01, 2009, 11:06:33 pm »
Oh, FUCK THAT.

Those fuckers are worse than the Cosa Nostra.

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #21 on: September 02, 2009, 04:48:24 am »
Call and close the account.
It won't report negatively if you close it. Make sure you say close and not cancel.


Don't ignore it. It won't go away and they may start charging "monthly maintenance fees"

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #22 on: September 02, 2009, 01:01:04 pm »
Cool.  Good call.

I'll make sure those fucker record it.  Or is a notarized letter a better idea?

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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #23 on: September 03, 2009, 02:22:42 am »
As far as credit reports go, would it be a good idea to keep the account open after paying off the balance?

Having too many open accounts lowers your credit rating, but if you only have a few and it's paid off and there's no fees associated with the account, there is no harm in leaving it open.
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Re: ATTN: CORPORATE FINANCIAL SPAGS
« Reply #24 on: September 05, 2009, 06:31:15 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.

No.