— Dismissal Don
The credit card companies review your credit report on a regular basis. They can see you have a habit of collecting cards but aren’t very good at carrying a balance. Odds are, you aren’t one of their more profitable accounts.
With your portfolio of cards and payment history, I’d be very surprised if one account closure for inactivity would have much, if any, effect on your credit score. An account closed by the creditor is typically bad news on a credit report, but having closed for inactivity isn’t a blemish on your credit history when there isn’t payment or outstanding-balance issues associated with the account.
You’ve got an excellent credit score and this one creditor’s action should have little to no impact on it. Rather than try to finesse this issue, spend a little time asking yourself why you have this need to collect credit cards.
To ask a question of Dr. Don, go to the ” Ask the Experts” page and select one of these topics: “financing a home,” “saving & investing” or “money.”