LNY Posted July 25, 2006 Report Share Posted July 25, 2006 OK, so as we all know (or maybe not...), Household has a nasty habit of closing your account when you hit a zero balance, if they see you have been getting better cards with higher limits. So I've been waiting for the hammer to fall, and now I have a balance of $4.55 (and that's only because of their $2.00 minimum finance charge! Yeah, they charged me $2.00 in interest on a balance of $2.55!!!!). I know the end is near because this month I was due for my usual 6-month auto CLI and didn't get it. I stopped using the card many months ago because of the 23% rate.I'm taking votes on what I should do:1) Close it myself.2) Wait for them to close it.3) Put a small charge on it every month and PIF just to piss them off.It has a $39 fee, which they won't waive no matter what. Link to comment Share on other sites More sharing options...
lindsay135 Posted July 25, 2006 Report Share Posted July 25, 2006 If you need the pos TL keep it. My DH and I have HSBC, we pay it off every month. Its only $300 because of BK, but I guess since we pay it off I wont be getting a CLI hehehe. Link to comment Share on other sites More sharing options...
nascar Posted July 25, 2006 Report Share Posted July 25, 2006 Even if you close the account, won't it still show up as positive history for the next 10 years or so? Link to comment Share on other sites More sharing options...
newbie7069 Posted July 25, 2006 Report Share Posted July 25, 2006 OK, so aren't you the one that is constantly telling us not to close Positive TL???? And, I'm pretty sure I read a post by you that said you had closed accounts before when you were pissed and then regretted it later So here's a vote from a Noob......#3These are for you...... :Pasties:(I wanted to give ya some more, but apparently there is a limit?!) Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 Wait, there's a hooters limit on here? OH NOOOOO!!!!!! What will I do?I know, I know, I shouldn't close it. But if they close it (which by all accounts, they will), it will be without notice and with an ugly "closed by credit grantor" on my reports. This is why I'm wondering if I should do it myself, on my own terms. I just hate paying $39 a year for a card I can't even use, at 23%.Decisions, decisions... Link to comment Share on other sites More sharing options...
newbie7069 Posted July 25, 2006 Report Share Posted July 25, 2006 So does "closed by consumer" look better than "closed by grantor"?If it does, and you get to keep the positive TL, then by all means....tell them to take a hike. Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 Yes, it does look much better. The only thing that concerns me a tiny bit is lopping three grand off my util...Time for a new card!!! Link to comment Share on other sites More sharing options...
newbie7069 Posted July 25, 2006 Report Share Posted July 25, 2006 Well...........there's always Hooters Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 :Pasties: :Pasties: That's my limit, I'm afraid. Link to comment Share on other sites More sharing options...
newbie7069 Posted July 25, 2006 Report Share Posted July 25, 2006 Be sure to tell them that you are the mighty LNY (sub-prime creditors flee from your glare, thousands flock daily to hear your wisdom) and then offer to mail them a good stock of vaseline to aid in the shoving of this card up their tightly wound ****** :Pasties: Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 heh heh heh$2.00 interest on a $2.00 balance... Link to comment Share on other sites More sharing options...
justaguy Posted July 25, 2006 Report Share Posted July 25, 2006 Sick it to em, definitely close that account before you have to pay the $39 fee. Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 I just called and asked if it's possible to combine this crappy card with my Union Plus, thus closing out crappy card. Apparently they have to send me a letter, which I have to sign and return, before they'll consider it. They also asked me--after pretty much saying goodbye--"oh, by the way, what's your income," which sort of pissed me off. It's not like I'm applying for a new card!!They'd better not pull a hard on me for this... that question gets me to wondering... Link to comment Share on other sites More sharing options...
hi-liter Posted July 25, 2006 Report Share Posted July 25, 2006 Unless you need the CL for utilization, I say close it. Link to comment Share on other sites More sharing options...
LNY Posted July 25, 2006 Author Report Share Posted July 25, 2006 Yeah, that's the thing. It's not one of those $300 cards. It's $2800. I'd rather it be folded into my Union Plus, which has a better rate, a better reputation and no fee.I know, that would be too easy, right? Link to comment Share on other sites More sharing options...
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