Saturday 4 June 2011

What shows up on your credit report when you report your credit card lost/stolen?

For example, if the credit card company changes your account number and moves everything to a new account, does your credit report now say that the old account is closed and you just opened a new account? I%26#039;m trying to figure out if you lose your old credit history when you do this----especially if this is an account you%26#039;ve had for a while, and therefore is one of your oldest accounts since alot of credit is based on how long you%26#039;ve had things.|||It should not have a negative impact. Usually the company marks it closed, indicates the payment status, and issues a replacement card with a new number which will show as a current account on your report. If you think there is one on your report, contact the creditor and the credit bureau for resolution.|||Your credit history stays there with no changes; it just is reported to a different card number.

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