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Posted in Credit Cards
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Question By
ms16

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bank closed both of my credit cards no explannation
bank said they were affiliated but never told me why they closed it

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Top Contributor
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Did either of the cards have a balance?  Were you behind on any payments?

.....if you had balance & a bunch of late payments, they can & will close the acct.  Don't pretend you don't owe the debt.  They will sell the balance owed to a debt collector & then you will have more "baddies" against you.  It's better to pay the balance due to the original creditor.  You can then, possibly ask them to remove the entire tradeline from your report.

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Have you used either of the cards in the last several years?

....if you haven't used them, they will and can close the account for non-use.

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