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Can unused credit card be reported to credit bureaus?

Date: Tue, 10/18/2005 - 20:50

Submitted by anonymous
on Tue, 10/18/2005 - 20:50

Posts: 202330 Credits: [Donate]

Total Replies: 7


Does a preapproved credit card offer show up on a credit report if the account is never activated or used? Thanks


Joe,

Unused credit card accounts can be shown in your credit report as open lines of credit. The account belongs to you and stays in your report until you close it.

Contact your creditor to cancel your unused credit cards and also ask them to report the account as ???closed by consumer'.


lrhall41

Submitted by 4u.bryan on Wed, 10/19/2005 - 10:59

( Posts: 819 | Credits: )


Hi Joe

While you are applying for a loan, it is suggested not to close any unused account. At the same time, it is suggested not to open a new account also during that time. It is said because if you are having a short credit history or less number of accounts, the credit score gets lowered when a new account is opened as there is no proven track record of it.

Regards
Roxette


lrhall41

Submitted by roxette on Wed, 10/19/2005 - 14:26

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