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 Report
Profile Image

Question By
desiraev

0 Contributions
0 People Helped
What to do about an opened line of credit I never used?
When I was young and stupid I went into an American Laser Center for a free consultation. I was freshly 18 and when they asked for my personal info to open a credit line for me I gave it over thinking there was no chance I would get approved. I went home and ended up getting a letter in the mail that I was approved for the laser scar removal process ($3,700) through a Chase medical account. I was terrified and never went back thinking it would just go away. Now I am trying to get my credit in shape before I get married and we start shopping for a home and I find two problems, one student loans (Will be done paying off in December) and a Chase account with $3,700. Do I have any options here since I never actually used the service that money was for? Any comments or suggestions are greatly appreciated.

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
91 Contributions
78 People Helped

Check your records

Helpful to 0 out of 1 people

First check your records and see whether that was an actual credit card that was issued to you (your explanatione tells me that that laser center gave you a credit card, which is in turn, issued by CHASE. However, you said chase medical account too, which was bit confusing to me. sorry).

If it is a card (of any limit) issued by CHASE, that you have had it for few years, then DO NOT CLOSE THE ACCOUNT. Find out if you ever received the card, or where it is now, etc. An old credit line by CHASE is really good. If you haven't used it (or don't use it), then you don't worry about payning any interests/fees, right? This means you have an 'old credit account in good standing'. That's a bonus now when you are starting life and will actually need credit cards,etc.

Just a question: you said that you found two problems- One was student loan and other was this credit. Why do you count as problem? That is a available credit line (and not an unpaid balance), right? Just trying to understand...

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.