Credit Card Account Closed Due to Inactivity
Author: philip
Guest
Posted: Fri Oct 24, 2003 5:52 pm
Post subject: advice about aspire visa accout
hi guys, today i got a letter from aspire visa letting me know that my account was closed due to inactivity. there was no balance on this account which was my first major card and was issued to me in 2001. i used it as a "stepping stone" card to in order to establish some credit since i am young. payments were always paid in full and on time. it really doesn't matter to me that the card was closed since i never planned to use it again and use my BOA visa almost exclusively, plus, i have a discover card just as a backup. my problem is, how is this going to look on my credit report? does having an account closed due to inactivity look bad? i'm not planning on making any large puchases like a home or a car anytime soon, perhaps, a new car in about a year and a half. should i call and ask what is going to be reported to the credit bureaus and also should i maybe inquire about having my account reopened just to get the $6000 limit back? from the 3 major cards i mentioned there was about a $16,000 limit total and i carry $4000 on the BOA visa so as you can see the ratio isn't looking so good. any advice would be appreciated!
View our latest credit card ratings!
Author: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 19 May 2003
Posts: 713
Location: NJ
Posted: Fri Oct 24, 2003 11:24 pm
As far as I know your report will show account closed by card issuer, which is more negative than positive, but still not bad. I wouldn't worry about it, but next time be proactive and ask the card issuer to close the account. Your report will then show account closed by borrower which is somewhat more positive.
Do not let what you cannot do interfere with what you can do.
Ira
View our latest credit card ratings!
Author: Aisha
Joined: 09 May 2003
Posts: 55
Posted: Sun Oct 26, 2003 8:18 pm
Post subject: Closed by grantor
As long as you were never late and paid as agreed it won't hurt too bad. Better to have you close it. Why Aspire---not a very reputable place. Write a statement to the CRA's saying (if it has zero balance) you told them to close it and thought they had until you got this letter. Dispute that it was you who closed it.
View our latest credit card ratings!
Author: philip
Guest
Posted: Mon Oct 27, 2003 11:12 am
thanks for your replies, ira and aisha. i'm going to order my reports online and try the dispute angle... i had planned to close the account next year. i only kept it open to have it as an established card. i just should have used it every once in a while. at least i now know what to do in the future about my cards.
cheers
View our latest credit card ratings!
Author: karna68
Joined: 10 Oct 2003
Posts: 9
Posted: Tue Oct 28, 2003 8:16 am
Or to keep the card active just make a small purchase on it once a month, like a tank of gas and pay it off once you get the statement.
View our latest credit card ratings!
Author: ndalene
Guest
Posted: Mon Dec 08, 2003 8:40 pm
Post subject: phone number for aspire???
Did you happen to get a hold of a phone number for these Aspire people - one where you can actually speak to someone?? I need to yell at them and the e-mail route is unsuccessful as they completely ignore my question! Thanks.
View our latest credit card ratings!
Author: Guest
Posted: Tue Dec 09, 2003 1:45 am
Post subject: Re: advice about aspire visa accout
philip wrote:
hi guys, today i got a letter from aspire visa letting me know that my account was closed due to inactivity. there was no balance on this account which was my first major card and was issued to me in 2001. i used it as a "stepping stone" card to in order to establish some credit since i am young. payments were always paid in full and on time. it really doesn't matter to me that the card was closed since i never planned to use it again and use my BOA visa almost exclusively, plus, i have a discover card just as a backup. my problem is, how is this going to look on my credit report? does having an account closed due to inactivity look bad? i'm not planning on making any large puchases like a home or a car anytime soon, perhaps, a new car in about a year and a half. should i call and ask what is going to be reported to the credit bureaus and also should i maybe inquire about having my account reopened just to get the $6000 limit back? from the 3 major cards i mentioned there was about a $16,000 limit total and i carry $4000 on the BOA visa so as you can see the ratio isn't looking so good. any advice would be appreciated!
The card was probablt idle for a few months so they closed it. Much larger banks would never do this, considering that this is compucredit, I am frankly not surprised but I wouldn't sweat it, closed by creditor is not a good thing, but will not cause you to get denied or lose many points if at all.
View our latest credit card ratings!
Author: jettie
Guest
Posted: Fri Mar 26, 2004 2:10 pm
Post subject: Re: phone number for aspire???
ndalene wrote:
Did you happen to get a hold of a phone number for these Aspire people - one where you can actually speak to someone?? I need to yell at them and the e-mail route is unsuccessful as they completely ignore my question! Thanks.Posted: Mon Feb 02, 2004 11:20 am Post subject: aspire visa contact info
--------------------------------------------------------------------------------
this may be a little late but the phone number where you can get a live person is 1-888-790-9926, i obtained it from the georgia BBB after searching for 2 hours. when you call it press one for english, then # it should put you on hold, the helpful thing to do is to act like you dont have your acct number, they will ask for your ss#, you can make a payment by phone, if you get someone nice, the might not charge you. and if the person acts like they cannot help you, just call back and get someone else.( i had to call back twice). this is the worst company i have ever had to deal with. i havent gotten an actual bill since june 2003, and its 2/2004, they blamed the post office stating they were sending the statements back? i never have any problems with my other mail....
View our latest credit card ratings!
Guest
Posted: Fri Oct 24, 2003 5:52 pm
Post subject: advice about aspire visa accout
hi guys, today i got a letter from aspire visa letting me know that my account was closed due to inactivity. there was no balance on this account which was my first major card and was issued to me in 2001. i used it as a "stepping stone" card to in order to establish some credit since i am young. payments were always paid in full and on time. it really doesn't matter to me that the card was closed since i never planned to use it again and use my BOA visa almost exclusively, plus, i have a discover card just as a backup. my problem is, how is this going to look on my credit report? does having an account closed due to inactivity look bad? i'm not planning on making any large puchases like a home or a car anytime soon, perhaps, a new car in about a year and a half. should i call and ask what is going to be reported to the credit bureaus and also should i maybe inquire about having my account reopened just to get the $6000 limit back? from the 3 major cards i mentioned there was about a $16,000 limit total and i carry $4000 on the BOA visa so as you can see the ratio isn't looking so good. any advice would be appreciated!
View our latest credit card ratings!
Author: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 19 May 2003
Posts: 713
Location: NJ
Posted: Fri Oct 24, 2003 11:24 pm
As far as I know your report will show account closed by card issuer, which is more negative than positive, but still not bad. I wouldn't worry about it, but next time be proactive and ask the card issuer to close the account. Your report will then show account closed by borrower which is somewhat more positive.
Do not let what you cannot do interfere with what you can do.
Ira
View our latest credit card ratings!
Author: Aisha
Joined: 09 May 2003
Posts: 55
Posted: Sun Oct 26, 2003 8:18 pm
Post subject: Closed by grantor
As long as you were never late and paid as agreed it won't hurt too bad. Better to have you close it. Why Aspire---not a very reputable place. Write a statement to the CRA's saying (if it has zero balance) you told them to close it and thought they had until you got this letter. Dispute that it was you who closed it.
View our latest credit card ratings!
Author: philip
Guest
Posted: Mon Oct 27, 2003 11:12 am
thanks for your replies, ira and aisha. i'm going to order my reports online and try the dispute angle... i had planned to close the account next year. i only kept it open to have it as an established card. i just should have used it every once in a while. at least i now know what to do in the future about my cards.
cheers
View our latest credit card ratings!
Author: karna68
Joined: 10 Oct 2003
Posts: 9
Posted: Tue Oct 28, 2003 8:16 am
Or to keep the card active just make a small purchase on it once a month, like a tank of gas and pay it off once you get the statement.
View our latest credit card ratings!
Author: ndalene
Guest
Posted: Mon Dec 08, 2003 8:40 pm
Post subject: phone number for aspire???
Did you happen to get a hold of a phone number for these Aspire people - one where you can actually speak to someone?? I need to yell at them and the e-mail route is unsuccessful as they completely ignore my question! Thanks.
View our latest credit card ratings!
Author: Guest
Posted: Tue Dec 09, 2003 1:45 am
Post subject: Re: advice about aspire visa accout
philip wrote:
hi guys, today i got a letter from aspire visa letting me know that my account was closed due to inactivity. there was no balance on this account which was my first major card and was issued to me in 2001. i used it as a "stepping stone" card to in order to establish some credit since i am young. payments were always paid in full and on time. it really doesn't matter to me that the card was closed since i never planned to use it again and use my BOA visa almost exclusively, plus, i have a discover card just as a backup. my problem is, how is this going to look on my credit report? does having an account closed due to inactivity look bad? i'm not planning on making any large puchases like a home or a car anytime soon, perhaps, a new car in about a year and a half. should i call and ask what is going to be reported to the credit bureaus and also should i maybe inquire about having my account reopened just to get the $6000 limit back? from the 3 major cards i mentioned there was about a $16,000 limit total and i carry $4000 on the BOA visa so as you can see the ratio isn't looking so good. any advice would be appreciated!
The card was probablt idle for a few months so they closed it. Much larger banks would never do this, considering that this is compucredit, I am frankly not surprised but I wouldn't sweat it, closed by creditor is not a good thing, but will not cause you to get denied or lose many points if at all.
View our latest credit card ratings!
Author: jettie
Guest
Posted: Fri Mar 26, 2004 2:10 pm
Post subject: Re: phone number for aspire???
ndalene wrote:
Did you happen to get a hold of a phone number for these Aspire people - one where you can actually speak to someone?? I need to yell at them and the e-mail route is unsuccessful as they completely ignore my question! Thanks.Posted: Mon Feb 02, 2004 11:20 am Post subject: aspire visa contact info
--------------------------------------------------------------------------------
this may be a little late but the phone number where you can get a live person is 1-888-790-9926, i obtained it from the georgia BBB after searching for 2 hours. when you call it press one for english, then # it should put you on hold, the helpful thing to do is to act like you dont have your acct number, they will ask for your ss#, you can make a payment by phone, if you get someone nice, the might not charge you. and if the person acts like they cannot help you, just call back and get someone else.( i had to call back twice). this is the worst company i have ever had to deal with. i havent gotten an actual bill since june 2003, and its 2/2004, they blamed the post office stating they were sending the statements back? i never have any problems with my other mail....
View our latest credit card ratings!
posted by CardRatings.com at 9:23 AM
0 Comments:
Post a Comment
<< Home