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Closed Accounts

Discussion in 'Credit Talk' started by lynn6889, Dec 4, 2003.

  1. Dec 4, 2003 #1
    lynn6889

    lynn6889 Member

    Will credit card companies reopen your closed account or will they make you submit a new application?
     
  3. Dec 4, 2003 #2
    GEORGE

    GEORGE Well-Known Member

    "IF" it has been less than 90 days...YES...(maybe)---VARIES FROM BANK TO BANK

    Some like FLEET have it in the fine print..."WE ARE UNDER NO OBLIGATION TO RE-OPEN ANY CLOSED ACCOUNT IF WE CLOSED IT OR YOU CLOSED IT"

    ...or some words to that affect
     
  4. Dec 4, 2003 #3
    jenz

    jenz Well-Known Member

    they don't need to get authorization to close an account, but need it (new application) to open a new one...its a fraud prevention thing...and besides, they want to check your credit again to see if your falling apart financially.

    years ago i had closed a checking account, someone reopened it, and $1000 later - well you get the idea.

    HOWEVER, if you had a good account with them you may be able to convince them if you reapply to only pull a soft inquiry.
     

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