? about Credit score and Credit cards?
Confused asked:
I sold my house thru a short sale and I didn’t know exactly how it will affect my credit score. I received a letter from one of my credit card companies stating that they closed my account because of what was written on my Fico score (previously 767) and that it was an inactive card. I still have 2 more accounts with the same credit card company, 1 is active while the other 1 has been dormant for 2 years. I also have 2 more inactive credit cards with other companies. Presently, I don’t have any mortgage or car loans and I pay in full my credit card monthly and on time.
The questions are: Do I need to use and activate all my other credit cards to avoid it from being closed by the credit card companies and how do I improve or at least keep my current Fico score ( which I presume went down already, just checked it on free annual credit report and already showed a negative remark)? Any comment will be greatly appreciated.
Thanks,
Confused
Caffeinated Content
I sold my house thru a short sale and I didn’t know exactly how it will affect my credit score. I received a letter from one of my credit card companies stating that they closed my account because of what was written on my Fico score (previously 767) and that it was an inactive card. I still have 2 more accounts with the same credit card company, 1 is active while the other 1 has been dormant for 2 years. I also have 2 more inactive credit cards with other companies. Presently, I don’t have any mortgage or car loans and I pay in full my credit card monthly and on time.
The questions are: Do I need to use and activate all my other credit cards to avoid it from being closed by the credit card companies and how do I improve or at least keep my current Fico score ( which I presume went down already, just checked it on free annual credit report and already showed a negative remark)? Any comment will be greatly appreciated.
Thanks,
Confused
Caffeinated Content
