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deputymcgahe

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Credit score dropped 9 points due to lost/stolen card
I had to call credit card company and request a new card due to fact lost/stolen and my credit score dropped 9 points. I looked at my credit report and it was reported that they closed account and opened a new one. Trying to figure out if it can be disputed did not want to close account just needed to get new card with different number. I have read that in this case they just transfer the account but in my case they reported account closed. With them doing that credit score fell 9 points. I am in process of rebuilding my credit and when I saw this all of the work to get credit score improved seems like it has been for nothing!!!! Can I dispute this or is this something the credit card company can fix?

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Your credit report should even out soon

Helpful to 5 out of 7 people

I have seen this on a number of occasions when my credit card company has issued me a new credit card number.  The old number is in effect closed and the one replacing it shows as new.  Within a couple reporting cycles everything returns to normal as a single account.  The 9-point drop is likely to be temporary.

I wouldn't go down the route to dispute it until you've give it some time to correct itself.

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Your score will straighten out soon

I have see this on a number of occasions when my credit card company has issued me a new credit card number.  The old number is in effect closed and the one replacing it shows as a new account.  Within a couple reporting cycles everthing returns to normal as a sinble account.  The 9-point dorp is likely to be temporary.

I wouldn't go down the route to disput it until you've given it some time to correct itself.

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ID Stolen

We had perfect credit until our credit was stolen.  Worked with Pacific Debt out of California to clean up our credit.  Will it ever get better?   

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That is terrible, I'm sorry that happened to you. I hope you'll let me help!
I do 100% charity support.

Please feel free to contact me, I will help get you back on track as fast as possible.

http://www.RebuildRepairCredit.com

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This just happened to me

A bit frustrating. I wanted a new card number not a new account number. 7 points down, disappointing. Just activated new card. CHecked creditkarma and only 2 accounts show open instead of 3. Just activated new credit card I received so I hope to see this reflect in the new cycle. Feeling annoyed :(

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How long do charge off account stay

Helpful to 0 out of 2 people

How long do charge off accounts stay on your reports.  I went through a really nasty divorce and my credit went through hell.  I tried  arrangements with some of the company but the payments that they wanted I could not afford.  Everyone said to go to CCCS I went to them, and they were a big help but still my accounts are showing charged off.  Anything I can do, or do I have to just wait a certain period of time before they drop off.   And do they really drop off and if so how long.  Or was I was misleaded. 

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