A credit report Nashville

Recently, my wife received a new Discover Card to replace an expired card, but she forgot she a credit report Nashville even had this particular card in her a credit report Nashville name! It turns out she used the card when she lived with a credit report Nashville her parents and even though she hadnt used the card for several years, it was still active. We looked into it a little bit, and it turned out she had a $15,000 limit on it. Add that credit limit to another Discover Card, a credit card through our bank, and a mortgage in her name (she bought the house before we were married and I was never added a credit report Nashville to the mortgage), and we found out a credit report Nashville she has a lot of available a credit report Nashville credit to her name! Time to reduce the amount of credit to improve her score! We called customer service to cancel the card and while we were going through the process, a credit report Nashville I remembered that we shouldnt cancel the card because your length of credit history affects your score. This card a credit report Nashville was about 12 years old, which is a very good age to keep on your credit.

Well, it turns out credit card companies dont like to lose customers, so they transferred us to a CSR intent on keeping us as customers. credit score and report In the end, we kept the card open and had it switched to the Discover® More® Card which offers great rewards benefits. The Discover Card rep offered to lower the credit limit to $1,000, which is the minimum line of a credit report Nashville credit you can have. This helped lower her available credit limit and a credit report Nashville should help improve her credit score. The a credit report Nashville last time I checked was a couple years ago when I bought my car. My wife hasnt checked hers in about the same amount of a credit report Nashville time, when she got a mortgage. One of the reasons Ive written about credit scores so often lately is because I knew I needed to check ours, and I was interested in learning about it. Related Articles:

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Ryan is the founder and editor of Cash Money Life. He is a writer, small business owner, entrepreneur, and professional in the corporate world. He served a credit report Nashville over 6 years in the USAF and also writes about military money topics a credit report Nashville at The Military Wallet. Free updates!a credit report Nashville Do you like what you're reading? Then please consider leaving a a credit report Nashville comment below, subscribing to our RSS feed, or signing up for our FREE newsletter. 29 comments read them a credit report Nashville below or add one Ive got a good credit score, and ive only got two open credit cards. Granted, theyve both been open for probably 6-10 years. I was thinking about canceling one of them, and probably will. At this point for me a credit report Nashville I cant even think of a good reason to keep it open. It may hurt my credit score a little bit, but at this point Im not sure i care that much. monitoring credit reports We own both our cars, we own our house, and we cant conceive of needing to use credit any time in the near future. We pay cash for everything now, and weve got 6 months of expenses in our high yield savings account. The credit score in my opinion is more important for people who plan a credit report Nashville on taking out more loans in the near future, and Im not planning on doing that. Ive canceled a couple other unused cards as well, but I wish I hadnt closed the card I did because that was my longest running line of credit.