Credit score aficionados unite: WTF????

TSO and I have a Lowe’s Home Builder store credit card with a $12.5K credit limit on it and a zero balance. We applied for it in-store when we moved into our house, got that card limit, bought a refrigerator, a washer and a dryer on the spot.

38 frookin months ago.

We paid off the balance due in two or three months. We have never used the card again. Credit score rating dimwits are just now gradually lowering our individual credit scores by 4 or 5 points a month because we aren’t using the card.

I suggested to TSO we close the dumbass account and she replied it would be more creditworthy of us to let frookin Lowe’s (SynchronyBank) close it for lack of use. Huh?

Thoughts?

Posted: 11/25/2020 at 5:54PM

Credit score aficionados unite: WTF???? -- PhotoHokieNC 11/25/2020 5:54PM

Mine was at 837, but I haven't used my cards much and one of them emailed -- AZHokie59 11/26/2020 11:28AM

If you're at 750 it doesn't matter if it gets any higher ** -- 133743Hokie 11/26/2020 08:44AM

But if you’re at 750 and it begins to get lower, it’s alarming. ** -- PhotoHokieNC 11/26/2020 09:13AM

Not really as there is minimal impact until it gets pretty low ** -- 133743Hokie 11/26/2020 10:22AM

Would you agree it’s a point of pride? ** -- PhotoHokieNC 11/26/2020 10:27AM

I honestly don't know, but possibly. I don't know what mine is. I've -- 133743Hokie 11/26/2020 10:33AM

That's awe inspiring. ** -- PhotoHokieNC 11/26/2020 10:39AM

Not having chairs will definitely affect your credit rating ** -- `lag 11/26/2020 09:31AM

That right chair’s I don’t care where you sit. ** -- PhotoHokieNC 11/26/2020 09:40AM

...call Mack Mack if your credit is Wack Wack... -- chumley 11/25/2020 8:55PM

That's the problem, you're not creating any credit history so they can't -- `lag 11/25/2020 8:50PM

Harrumph. ** -- PhotoHokieNC 11/26/2020 07:58AM

Of course if you're older than dirt, who cares? ** -- Newt 11/25/2020 8:12PM

Right answer. Unfortunately:) ** -- AZHokie59 11/26/2020 11:30AM

You get penalized for having large amounts of revolving credit that is -- GreenvilleVT 11/25/2020 7:22PM

I think it's just the opposite. A part of your score is credit usage -- 501 11/25/2020 8:55PM

I have 3 cards -- EDGEMAN 11/26/2020 08:22AM

I can promise you that you are penalized for having large amounts of unused -- GreenvilleVT 11/25/2020 9:08PM

If you keep the card, start making runs to Lowes for little stuff & charge -- EDGEMAN 11/25/2020 6:19PM

Actally, there is a train of thought that closing accounts-> -- HOKIERIT 11/25/2020 7:45PM

Your rating is a function of percentage of available used. If you close -- 133743Hokie 11/26/2020 08:43AM

Yeah, right but they can't read who you are, they don't get any info on you -- `lag 11/25/2020 8:58PM

Agree.. I don't carry a balance though, but i DID just this morning-> -- HOKIERIT 11/26/2020 09:51AM

We can talk about it when I come over for Thanksgiving ** -- HokieDan95 11/25/2020 6:07PM

Don't forget your chair ** -- TexasGobbler 11/25/2020 6:29PM

The Motley Fools have an answer... -- UTPr0sim 11/25/2020 6:06PM

Credit score aficionados unite: WTF????

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