|
[VIEWED 5809
TIMES]
|
SAVE! for ease of future access.
|
|
|
|
sojhoboy
Please log in to subscribe to sojhoboy's postings.
Posted on 12-21-09 5:40
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0 
? 
|
| |
Will freezing credit card decrease your credit score?
I know that not using the credit cards will not increase my credit score but I want to to know if just freezing the card will decrease the credit score. I have 4 of them and paying heavy interest in one of the cards. So, I want to freeze that one so that I wont have to pay monthly interest while I can save some money in the mean time so that I can pay a good chunk of money when the freezing is relieved. Anyone with experience or any idea? Anything is appreciated. Thanks.
|
| |
|
|
|
|
madhesi
Please log in to subscribe to madhesi's postings.
Posted on 12-21-09 9:39
PM
Reply
[Subscribe]
|
| Login in to Rate this Post:
1
?
Liked by
|
| |
Why you want to freeze it? Just do not use the card! Just because you have the card does not mean you have to use it. Even if you use it, pay all charges before the due date to avoid interest and penalty. No need to freeze the card. Just control your temptation to over use it!
|
| |
|
|
PeaceSoul
Please log in to subscribe to PeaceSoul's postings.
Posted on 12-23-09 8:31
AM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
Use the low interest card. Canceling card will reduce your score. On the other hand, they frequently send you balance transfer for 0% apr for 12 months which is good option.
|
| |
|
|
Alexandria
Please log in to subscribe to Alexandria's postings.
Posted on 12-23-09 10:57
AM
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
Sojhoboy, Having four cards it's not a bad. My personal experience to you is, use them in equal ratio. But freeze one and use another !!! that's the bad idea. Do you know that credit card company deactive your credit card if you didn't use two years or longer? Use wisely and improve your credit scores. Good luck bro,
|
| |
