How to Transfer and Close Credit Card Account
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Posted: Wed Dec 01, 2004 6:17 pm
Post subject: How to Transfer and Close Credit Card Account
galina
Date: 11/8/2000 11:06 pm CDT
i`m presently have a balance on my PROVIDIAN visa card. the APR is high and recently i was trying to transfer the balance by applying for another credit card with lower APR but was declined. Any advise on how can i do my transfer and close the account with PROVIDIAN.
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Posted: Wed Dec 01, 2004 6:18 pm
Post subject: How to Transfer and Close Credit Card Account
Board Monitor - AD
Date: 11/10/2000 9:44 am CDT
Dear Galina,
If you are denied credit from another creditor, they need (by law) to tell you why you were rejected. Usually you'll receive a letter in the mail for the reason. Once you are aware of why you were rejected, it's best to try to find out how to resolve the problem before applying again.
For example, if it's because you have too many open credit accounts, close some. If it's due to credit history problems, then order a copy of your credit report (you can receive a free report due to your rejection from a creditor) to see what needs attention, or how you can better handle your payments, etc.
In reference to closing a Providian account, you need to pay it in full, or transfer the balance before such actions.
In refence to receiving a lower rate card, you'll most likely need good credit, and you want to avoid applying to too many creditors at any one time. You could also try negotiating with your current creditor for a lower rate and explain your intentions. If you need some suggestions, please visit http://www.creditcardfreedom.com and go to "Credit Card Facts" where you'll find "What to Say" - how to negotiate for lower rates...
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Wed Dec 01, 2004 6:17 pm
Post subject: How to Transfer and Close Credit Card Account
galina
Date: 11/8/2000 11:06 pm CDT
i`m presently have a balance on my PROVIDIAN visa card. the APR is high and recently i was trying to transfer the balance by applying for another credit card with lower APR but was declined. Any advise on how can i do my transfer and close the account with PROVIDIAN.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Wed Dec 01, 2004 6:18 pm
Post subject: How to Transfer and Close Credit Card Account
Board Monitor - AD
Date: 11/10/2000 9:44 am CDT
Dear Galina,
If you are denied credit from another creditor, they need (by law) to tell you why you were rejected. Usually you'll receive a letter in the mail for the reason. Once you are aware of why you were rejected, it's best to try to find out how to resolve the problem before applying again.
For example, if it's because you have too many open credit accounts, close some. If it's due to credit history problems, then order a copy of your credit report (you can receive a free report due to your rejection from a creditor) to see what needs attention, or how you can better handle your payments, etc.
In reference to closing a Providian account, you need to pay it in full, or transfer the balance before such actions.
In refence to receiving a lower rate card, you'll most likely need good credit, and you want to avoid applying to too many creditors at any one time. You could also try negotiating with your current creditor for a lower rate and explain your intentions. If you need some suggestions, please visit http://www.creditcardfreedom.com and go to "Credit Card Facts" where you'll find "What to Say" - how to negotiate for lower rates...
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:22 PM
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