Sentences with phrase «oldest open line of credit»

I lost my oldest open line of credit (a Sears card that opened in 1977 when I was in college) because I hadn't used it in four years (it was a very high interest card, but I would have a small purchase on it if I'd have known that was coming).

Not exact matches

------------------------------ The Chenango County Sheriff's Deputies arrested 78 - year - old Frank Kriz of Oxford with 2 counts of Identity Theft, for allegedly opening 5 lines of credit using other people's information.

Only recently (first in May with two cards from BoA) I left the cards open after shifting all but a couple of hundred dollars of credit line because I want to preserve the credit history of the old cards.

Yes, you will definitely want to keep your old credit card account open so your credit score won't take a hit — especially if you are planning on applying for any new lines of credit in the near future.

Or you could also apply for a new credit card from the same issuer then merge the two lines of credit onto your new card before canceling the old one in order to keep that line of credit open and active so it has less of an impact on your credit score.

Before and after applying for a loan, make sure you pay all of your bills on time, don't close any old credit accounts or open any new lines of credit, and keep balances low on revolving credit.