rickyisgood Posted July 6, 2007 Report Share Posted July 6, 2007 Hi,Crown Jewelers closed my account for no activity in 6 months. I had a 1500 credit limit. How bad does this damage my score? Can I still reopen theaccount?Thanks Link to comment Share on other sites More sharing options...
elyse449 Posted July 6, 2007 Report Share Posted July 6, 2007 Wow-sorry, I hear they do this. If you don't buy from them once a year or whatever...How badly do you need the tradeline? If you need it, go ahead and try to reopen it, but make sure you buy something from them and make regular, timely payments. I purchased something for under 300.00 and am making payments, just wasn't willing to spend TOO much on jewelry that I can't see up front. I'm glad I did to because they won't report my 1500.00 CL, they'll only report 500!!!I am unsure how this will effect your FICO, probably not by much because creditors won't see that it was closed by them unless they do an actual LOOK at your credit file (at least that's what I've been told in the past). Perhaps someone else has some perspective on this.Elyse Link to comment Share on other sites More sharing options...
VaSwtness Posted July 6, 2007 Report Share Posted July 6, 2007 Thankfully, I checked my email about 2 weeks ago and they sent me notice that would happen if I didn't purchase by June 30. Of course this email account I check once in a blue moon! so, I ordered something for $70 and kept it open. At least awhile longer. Link to comment Share on other sites More sharing options...
dallas01 Posted July 6, 2007 Report Share Posted July 6, 2007 When I first saw this post I thought they had closed the store down.If you read the fine print they tell you that they'll close your account if not active for 6 months. Link to comment Share on other sites More sharing options...
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