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Question By
amandangarner

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Credit Effected After Losing a Credit Card
I recently lost a credit card and I had it replaced. No fraudulant charges were made on the lost credit card prior to reporting it lost. My credit history is reporting the lost credit card as a closed account and showing a new account was opened for the replacement credit card. My credit score went down after reporting my credit card lost. It was one of my oldest credit cards that is being reported as closed.
Is this normal to have a decrease in credit after reporting a lost credit card?

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