How Do You Help Prevent The Closing Of A Seldom Used Or Unused Credit Card Account?
You have wisely cut back on your spending. Sticking to a budget will better ensure that you don’t become overextended. So now, you have one or more credit card accounts open that you are no longer using. You are looking upon those unused cards as ones that you can start using in the future when your economic situation picks ups. Or you may be holding on to the unused cards as sources for money should your financial situation become bleak. Did you know, though, that an unused credit card account may be closed by the lender or department store that issued it? Here are steps to avoid losing those valuable credit cards. Go to the Federal Trade Commission’s website (see Resources, below, for a clickable link to take you to the website) for a free copy of your credit report. This website, which has helpful information and instructions, was set up to help individuals get a copy of their credit report at no charge. You are offered the option to get your credit report online, by phone, or by ma
