You should do that then

i opened it myself and i do believe it may be my oldest credit card. i have had a debit card though.

Thanks for taking time to respond. I wish calling them to negotiate wouldn't reset the statute of limitations. I could give them a call and ask them if we could work something out. I'm afraid to call them, I'm also afraid not to call them as well. I guess I'll wait for the court date and tell the judge I don't have anything. I'm not worried about the collection agency and the court date but this having an affect on immigration process is really worrying.

Thanks again.

You may want to check your other reports as well. Information can differ sometimes

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Do you need to go into debt anytime soon? If not, don't worry about it. Are you in debt now?

Keep the oldest fee-free card or two. If you don't come anywhere close to maxxing out those cards on monthly spend and you pay it in full on time, no problem. If your monthly max spend on CCs would be close to the max of your favorite card, maybe call them to see if you can get your limit bumped up a bit. The, close anything you don't use.

I did, they told me to contact who has my 401K currently

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Ok, that’s good. A lot of these bad actors can glean a ton of info by just “dumpster diving”. Someone with an old statement in hand can rattle off transactions and sound very convincing .

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Yup I was able to. Looks a lot better than what my bank says. My bank says I have a late payment/debt but the credit report says it was paid on time.

I would just reach out to the irs yourself and ask how much you owe to verify.

If they didnt pay their taxes, it wont just go away.

Pull your actual report. Should be a way to do that on Experian

No.

Okay, then i still do not understand what you’re saying

I don’t think you’re using the term rollover correctly

I would contact a fidelity rep for assistance so they can talk you through all the terms and implications

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Thank you. I actually signed up for Experian (since annual credit report gave me an error) and the website says my credit is actually higher than what my bank is saying. So that's nice to know. I feel a little bit better but also very confused on what's going on.

Two factors to consider are:

1. is it your oldest line of credit? If it’s your oldest account and others are a lot newer, short account age is a listed factor on at least a couple of the main scorers.

2. will closing it take you over 30% credit utilisation? Ideally maintain a healthy credit limit that means you keep below using 30% of it at any one time. If you close the card and lose that limit, what do you have left?

Of course you will also get a hit from any credit application you make for your own new card.

However if you don’t need to make significant other applications anytime soon, get a new card first if your credit is good, then close the old one. Numbers will drop for a bit but climb back up soon enough.

There could be other factors too but those are the ones that come to mind

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Gotcha, so I get that it’s there to show it was an option, but is that money current owed by us?

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