About masterredfox

masterredfox · ‎May 8, 2020

Based on your obscure question on a charge and the answer from the other commenter, I gather you are questioning an amount charge for service because of you not reading the full lines of whatever order being charged. You have to stop and read this before pressing the purchase button. At this point, you need to do two things, first, contact the site you did the charge at for a record of the billing and review it thoroughly. Second, if you realize that you, personally, did not do this charge, then contact your account from which the charge was done to remove/credit/debit the amount. But don't do the second part if you did the purchase but are arguing the amount because you feel it was the wrong amount. That credit has to come from the place you made the purchase only, and that will only occur if you didn't receive what was purchased along with any service charges. If this is a purchase that can't be returned once purchased, you will have to accept that fact, but you can get a detailed explanation of how they arrived at the amount. Go back to the site and look for a way to contact. There's always a way to contact--email, call, chat, mail.

masterredfox · ‎May 8, 2020

I check all my credit accounts at least weekly and maintain a hardcopy in a notebook to keep track so I am aware of the activity. I had a card that in the last two weeks showed activity charges from sites I don't know or purchase from. Luckily, the amounts were small and I caught them just as they posted on the account. On the second occurrence, as I hoped the bank offered to cancel the card to remove access to whoever was using the card and issued me a new card on the account. Right now it shows on my credit report as a closed account but I will/have a new account that is on its way to me to be activated once I have it in my possession. How does this affect my credit score? I had to do this because of the fraud charges. I don't wait any more when I see fraud activity and I use two-step sign-on on any accounts, so I know this has to be due to the Yahoo and Experian Hacks which is still cycling the Dark Web. I have credit monitoring that tells me whenever my email or any of my information shows up on it. Can anyone clarify this situation?

masterredfox · ‎February 11, 2020

Thanks for your answer, I have an excellent payment record (all on time records) but with the new FICA 10 rating system, credit utilization is the highest factor to hit the score (hence the reason, I am working on lower debit/credit mix). Like you stated, a closed account lowers your credit utilization total, which I am trying to raise. I just don't want them to close the account for not using it. I am getting mixed messages on this. One states to clear the debt on the card and not use it and another state you need to periodically use it (small purchases that are immediately paid). I am just trying to find out what the time period is of non-use, to avoid them closing the account for being inactive if I have to make an occasional purchase so that I can plan it into my budget. Does anyone have an idea of how long can I leave card inactive prior to using it?

masterredfox · ‎February 11, 2020

Thanks for that information, but the reason I am asking is that I had two accounts that I had eliminated the debt on and had left them unused and the cards were closed by the issuers for non-activity use. This does show up on my credit report as part of the negative effect. I am more than willing to face consequences that I do as a result of my sloppy behavior using credit but when I try to lower my debt correctly and the issuer closes the account what am I suppose to do. If there's an unwritten rule of usage within a certain time period, I would like to know so I can plan effectively if I have to use the card for a small purchase to keep the card active. I am trying to totally eliminate debt and then maintain only 30% of all available credit, but I can't do it via the avalanche method as I have no one but myself to also pay necessity bills so I can only afford to use the snowball method by paying off one debt at a time (one card at a time). It might take me a bit longer but the end goal is the same. I just don't want to have the cards closed by the issuer either.

masterredfox · ‎February 8, 2020

If you don't use the store card, just let it go inactive. I, myself, have a card that I don't use, but I leave alone. Closing any account will lower your credit availability rating. Don't close that secured card but have a sitdown with the bank that issued it to find out how to qualify for an unsecured account, now that you have established a credit rating on payment history with that card and the Capitol one card (congrats on that). Apply for one more card, this year 2020 (you want to limit the hard check on your credit report as that affects your credit score too). The new version of FICO scoring is tougher on establishing credit because it is looking at a completely different emphasis to make the score. Credit utilization of available credit is the top point, which is why you don't want to close any accounts because it lowers your credit availability dollars. Good Luck, don't expect instant results plan for the long term result.

masterredfox · ‎February 8, 2020

I haven't closed any accounts since I asked Citibank to stop billing me for a secured credit card that they kept making a repeating personal loan to re-pay even after I had a zero balance. I must have missed something in the fine print for that to have occurred. My question is to credit accounts that I have paid off and don't want to use. I had two accounts that were closed because I didn't use the account--I have given the excuse "account inactive" for their closing the account. I am trying to eliminate my debt-to-credit utilization by eliminating account balance one card at a time. I just eliminated the debt on one this year 2020 already and I intend to eliminate at least another if not two by the end of the year 2020. How do I keep the account in an active status, without actively using the credit card? Or do I have to use the credit card within a certain time period occasionally--which is working against my stopping impulse buying?

Date Registered	‎February 8, 2020 9:20 AM
Date Last Visited	‎May 8, 2020 2:34 PM
Total Messages Posted	6

Re: I was charged

What impact if any does closing a card by the bank...

Re: closed credit accounts

Re: closed credit accounts

Re: Best Credit Cards

closed credit accounts