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Mint asks users to provide both the usernames and the passwords to their bank accounts, credit cards, and other financial accounts, which Mint then stores in its databases in a decryptable format. This raised concerns that if the Mint databases were ever hacked, both usernames and passwords would become available to rogue third parties.
When you close a credit card account, you reduce your total available credit. This may increase your credit utilization ratio, which can decrease your credit score. Here’s an example:
1. Find Out Why Your Account Was Closed. The first step is to determine why your credit card account was closed. Here are a few of the most common reasons for a closed credit card account:
Credit history: Since the average length of your credit history makes up 15 percent of your FICO score, closing accounts can hurt your credit score in the short term and even over time if you don ...
So, when you close a credit card account, the amount of credit that’s available to you will shrink. ... Savings interest rates today: Money can't buy love, but sweet returns of up to 4.50% APY ...
The short answer is yes. A credit card issuer has the right to close your credit card if you don’t use it. Unfortunately, closing an account can have an adverse effect on your credit score ...
Before closing your account, consider using Bankrate’s credit utilization calculator to see how your utilization will be affected by a decreased credit limit. Learn more: 6 things to do after ...
The short answer is that banks and credit unions can close accounts for a number of reasons. … Continue reading → The post Why Your Bank Closed Your Account and What to Do appeared first on ...