Household bank just lost a customer
I got their card when I started seriously rebuilding my credit. limit of $ 250 and enough types of bonus point program to allow me to easily recover the cost of $ 60 per year. (I have a $ 100 check for my last point redemption sitting beside me as I type this.)
I have since received two other cards (and Providian BoA) totaling $ 4,250 in credit. I wanted to use each card for a specific purpose, so I called for a household CLI. It was refused. It was 6 weeks ago.
I guess they really do not need me.Friday, I received a postcard stating that he has reviewed my credit and my household jacking up the default rate of 29.9%. Keep in mind, I have not missed a payment on anything since 2000, including this card, which excludes universal default.
Tonight I sent an online payment to pay the $ 138 card, which will release on Tuesday. On Wednesday, the card is canceled.
Some may wonder what my 3 cards are / were affected. They are:
Monthly payments (Emusic, fillups prepaid cell phone bills website, etc.: households) Providian: Old balance transfer for 18 months at 0%, pay $ 200 per month (which must be paid in October)
As for my average length of credit history open, this is not a concern. As part of my reconstruction process, my father enrolled me as an authorized user on his map of GM was time for nearly 15 years and never more than 15% utilization. It is stated in my report to all 3 agencies.
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