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credit card and credit score…?

Sunday

Hello, I know this is not your field or abut your company, although I am a customer. My credit card account has been sold to a new company and my account number has changed. I was wondering how it would affect my credit history and rating with activating the new card VS opening a new account with my old card carrier ( I liked the benifits) Will my history still be good because I am with the same company or is my history passed on with the new account number?

I would have liked to opened my old account back up but they will not allow it. Now I need to protect my credit score.

Once a company has it sold, it's often locked-stocked and barrel. All existing customers' account will also be "adopted" by the new owner thus you don't have to be overly concerned and there isn't any need for you to open a new account with the new company. You shall be receiving communication from the new owner of the transfer and who you can connect with pertaining to your account with the new company in due course.

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  1. SG Elite
    April 20th, 2009 at 01:28 | #1
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    Once a company has it sold, it's often locked-stocked and barrel. All existing customers' account will also be "adopted" by the new owner thus you don't have to be overly concerned and there isn't any need for you to open a new account with the new company. You shall be receiving communication from the new owner of the transfer and who you can connect with pertaining to your account with the new company in due course.
    References :

  2. indronil s
    April 20th, 2009 at 01:56 | #2
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    As long as the company sold it is not a problem with your credit score. of course if you think to open one you can and your previous credit score will be continued as you are an old customer. But it also depends on the card you use.
    To know more visit
    http://creditcardbiz.blogspot.com
    and
    http://onlinepaymentoption.blogspot.com
    References :

  3. abel jarrod
    April 20th, 2009 at 02:10 | #3
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    There is a lot of misinformation about credit. This article will disprove many of the common credit card myths and provide some tips on increasing your credit score. There is no arguing that a better credit score means better interest rates for your mortgage, auto, and all other areas where credit is used. By implementing these tips you could save hundred of dollars in interest in the long run and put cash back in your pocket in the short term.

    1) Avoid using cash and borrowing from family for all your purchases. In the eyes of creditors no credit history is the same as a bad credit history. You may get away with paying cash for your car but when you buy your first home it will come back to haunt you. Even if you can afford to borrow or pay cash try opening an account to buy your furniture, automobiles, or home improvements. A diverse credit background will help with your credit score.

    2) Your credit report tells all. Do not lie or stretch the truth to lenders, banks, or employers. They will easily catch you and the consequences are not worth it.

    3) Do not cancel credit card accounts to improve your credit. The intended affect may be the opposite of what you expect. You can hurt your credit by canceling your credit cards; especially if you have a long history with the account. Losing a ten or twenty year credit history isn't worth it. If you absolutely must stop using a card, try shredding it. An open account that doesn't have a balance looks far better then no credit account at all. Read more about it at: http://www.credit-card-gallery.com/article/136,Seven_Must_Know_Credit_Tips
    References :

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