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first world problems. need some advice .


pokerdave
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Was up over 800 on all my credit files when I hit some self sabotage and forces of nature.

My parents closed a 28 yr old tradeline that I was an aU on because they are almost 80 and want to only have two cards. I took a 35 point hit with that on EX and Eq which i know is lost.

Opened a business Discover where they only gave me 7k line. At the tine i did not know they reported to personal. This has tanked my score because it max reports every month. 

Question `1. I am approaching my 1 yr anniversary which ends the cashback match.  Thinking about closing it because Discover said they don't raise business lines from the initial limit. I know my score will go up from not using it but will it help my AAofA to cancel it. It is my second newest card. Ainy chance of combining the linit with my personal Discover which is stuck at 5100?

According to EX my AAofA is 4 yr 5 months

Question 2.

Opened a furniture card underwritten by wellsfargo for 0 pct for 12 months.  Card is 3 months old. I had a really good month and could pay off this card now, will closing it help my score? This is my newest card. Should i close this?

 

Overall credit health 21k owed at 0% with 145k in limits.

2 vehicles financed for business , 1 reporting on my personal.  

my only current goal is to get back with chase. those are my only two cards in last 5 yrs. 

I screwed chase in 08 on 2 cards and a WAmu they acquired .  Had 60k in linits on the ink card before i bought my brother out of the business (he had used his credit) and they have refused me twice when i applied with scores in the 780s. In 2019 Chase opened a 15k freedom for me , I made one charge and must have spooked them they closed the account. 4k on cigars :) Still paid my sign up bonus but i have not tried again with them.

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Was up over 800 on all my credit files when I hit some self sabotage and forces of nature.
My parents closed a 28 yr old tradeline that I was an aU on because they are almost 80 and want to only have two cards. I took a 35 point hit with that on EX and Eq which i know is lost.
Opened a business Discover where they only gave me 7k line. At the tine i did not know they reported to personal. This has tanked my score because it max reports every month. 
Question `1. I am approaching my 1 yr anniversary which ends the cashback match.  Thinking about closing it because Discover said they don't raise business lines from the initial limit. I know my score will go up from not using it but will it help my AAofA to cancel it. It is my second newest card. Ainy chance of combining the linit with my personal Discover which is stuck at 5100?
According to EX my AAofA is 4 yr 5 months
Question 2.
Opened a furniture card underwritten by wellsfargo for 0 pct for 12 months.  Card is 3 months old. I had a really good month and could pay off this card now, will closing it help my score? This is my newest card. Should i close this?
 
Overall credit health 21k owed at 0% with 145k in limits.
2 vehicles financed for business , 1 reporting on my personal.  
my only current goal is to get back with chase. those are my only two cards in last 5 yrs. 
I screwed chase in 08 on 2 cards and a WAmu they acquired .  Had 60k in linits on the ink card before i bought my brother out of the business (he had used his credit) and they have refused me twice when i applied with scores in the 780s. In 2019 Chase opened a 15k freedom for me , I made one charge and must have spooked them they closed the account. 4k on cigars  Still paid my sign up bonus but i have not tried again with them.

Closing Discover will not affect your AAoA. Still, why close a card whose credit limit helps your utilization? There is no annual fee, right? Besides, you never know if it may be useful in the future.

Closing the store card may, if it is your only store card, affect our credit mix. That said, score hits of that type are usually very minimal. Still, I would likely keep it.

Chase sent you an adverse action letter when they closed your account. What did they say? I'm thinking that after they approved the account they realized you had stiffed them previously and decided to close your account. Chase sometimes has a long memory.


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