Welcome to the Credit Tips Blog !

Keeping good credit can make all the difference in how you live your life. Good credit can get you a new house, a new car, or a business loan. Bad credit can make it impossible to get anything you want. But many people don't know many of the requirements for maintaining good credit. Furthermore, many people have special credit situations that require some analysis to figure out what exactly to do. The purpose of this blog is to provide some answera and some resources for further exploration.


Can credit card companies close your accounts without warning? How does it affect your credit score?

Filed Under (Credit) by admin on 25-01-2009

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credit card
Sara asked:


I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)

Also, I know that closing credit card accounts lowers your credit score. Does anyone know how much mine will be affected?