Will canceling a defaulted credit card after making payment keep my credit score intact?

Date: Fri, 01/19/2018 - 21:13

Submitted by Sandrailes
on Fri, 01/19/2018 - 21:13

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Total Replies: 4

We (me and my husband) had a joint credit card which we defaulted. However, my credit score is better than him. if we cancel this credit card, will my credit score remain intact? We have decided to take out themortagge loan in my name so that his credit score doesn't affect.

Along with these things

Along with these things already mentioned by others, canceling the card will lower your credit limit too, which may drop your score.

lrhall41

Submitted by Mabelle Page on Tue, 01/23/2018 - 05:29

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Is this credit card new or

Is this credit card new or old? If it's an old credit card, it will hurt your credit score since the entire payment history will be lost.

lrhall41

Submitted by SC on Fri, 01/19/2018 - 22:28

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Do you have this credit card

Do you have only this credit card or you have several other cards? As SC said, it's ok to close a newer credit card that you no longer use. There are several factors you need to consider before closing a credit card you know.
But if you still want to close it, send a written notice to to the card issuer. You can call first to cancel your account, but always follow up with a letter confirming your desire to have the credit card closed.

lrhall41

Submitted by tiarajoseph11 on Sat, 01/20/2018 - 04:19

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Dear, it will drop your

Dear, it will drop your credit score by some points.

lrhall41

Submitted by Sanders Patricia on Sat, 01/20/2018 - 03:10

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