Laurie
Haslet,#2Consumer Comment
Mon, November 17, 2008
http://www.ripoffreport.com/reports/0/391/RipOff0391182.htm Aspire is getting out of the credit card business altogether. That is why they are closing accounts.
Rrrric
Las Vegas,#3Consumer Comment
Mon, November 17, 2008
I am going to close my account first. I only owe them $8, and, I paid then with an EFT from my bank today so that tomorrow I can call and close my account. I figure it will look better on my credit reports if I closed my account rather than they did.
Nikki
Coconut Creek,#4Consumer Comment
Thu, November 13, 2008
It depends on what your limit was before they reduced it to $100. If it was only $500 and they reduced it to $100, it wouldn't count for much of a score change. If it was thousands, then it may matter. It also depends on how long you have had the account and if they list it as closed on your report. If you have had the account for a few years or less, it won't matter much to not be counted as an open account. If you have had the account for many years, then it will hurt to have an old account that was used toward history to be closed. The reporting agencies do not use good standing accounts that are closed and paid to figure your score.