Share post
Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums

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

member profile picture
Posts: 1
Credits: 23.85
[Donate]

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.




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.

Sub: #1 posted on Fri, 01/19/2018 - 22:28

SC SC
Moderators
(Posts: 3937 | Credits: 397.45)

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

Sub: #2 posted on Sat, 01/20/2018 - 03:10

sanderspatricia29 sanderspatricia29

(Posts: 713 | Credits: 73.21)

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.

Sub: #3 posted on Sat, 01/20/2018 - 04:19

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.4)

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

Sub: #4 posted on Tue, 01/23/2018 - 05:29

Mabelle Page Mabelle Page

(Posts: 163 | Credits: 16.04)

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.226 seconds.