Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
slickron42

1 Contribution
0 People Helped
How will the closing of the HHGregg stores affect my credit score? I have a 4K store credit card
My credit score is over 800 and now I will loose 4K worth of available credit

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1478 People Helped

Losing four grand of availabe credit and losing an account that was reporting positively will surely cause a little bit of harm to your credit, how much depends on the rest of your overall credit profile. If you have several open accounts right now then it may not hurt too much, but if this is your only account it will hurt a lot.

Reply by
slickron42

1 Contribution
0 People Helped

Thanks for your timely responce. Here is the rest of the story, As it stands before the HHGregg store closing, I have a Credit Karma Trans Union credit score of 810 and an Eqifax score or 820. Right now, I am utilizing 12% of my overall available credit of $53600. 6685/53600=12% . I have 6 open credit card accounts that are a mixure of store , a visa, and a master card. So basically I will loose 4K of available credit. I guess it won't hurt that much.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.