if you opened a few credit cards in a short amount of time it lowers the average life of your credit history which brings your score down.This could be a reason to cancel
Why do u have to cancel to get approved? I had a chase account - that I canceled the card and they still didnt wanna approve me for the new card, they considered the canceled card as a line of credit, and they didnt wanna give me more credit
BTW looks like we've got a budding AsherO http://www.dansdeals.com/forums/index.php?action=profile;u=4795 just read up a little and you'll be THE pro!
Yup it helps for when you call recon.BTW looks like we've got a budding AsherO http://www.dansdeals.com/forums/index.php?action=profile;u=4795 just read up a little and you'll be THE pro!
He sounded quite knowlegeable when he started http://www.dansdeals.com/forums/index.php?action=profile;area=showposts;u=14
Those are the most recent posts
Stays on even after you cancel.
why?
but its not a line of credit/
becauseSeriously it's your credit report it includes your entire credit history so even cancelled cards stay on the report for an extended time
you didnt answer the question. its not a line of credit if its closed.