Credit Card Non-Use/Bank Termination - FICO Impact?

Question

Have recently received notification from issuing bank that as a result of non-use my MasterCard account is to be terminated.  No prior notification was received that this account was jeopardized.  Current FICO is in range of 780+.  How does this affect (if any) current FICO scores?  If so, what is recommended to re-establish current score?  If a reinstatement of the account was requested and accommodated by the issuing bank, how would THAT impact FICO score?...Thanks

Answer 1

CreditGuyInDixie wrote:
Always curious to learn more about what's possible in Credit Land.  I just googled it and found this article at Experian: http://www.experian.com/blogs/ask-experian/2013/11/20/a-creditor-can-request-that-an-account-be-removed-from-your-credit-report/ EX points out that the creditor has two rights: To choose whether it initially wants to report an account or notTo request that the CRA change a record it has previously reported (but only if the creditor believes there is false information that was inadvertently reported)From the way EX describes it,  the record doesn't belong to the creditor (to delete or not as it likes).  It sounds like, once reported, it is the CRA's.  The creditor has a right to request that the CRA change or delete it, which is different from the right to make the change. My guess is that, if the CCC were to unilaterally delete a positive account, the consumer could dispute that action since it was the removal of true information.It's impossible to dispute something that's not on your credit report, system just isn't setup that way nor are the current legal regulations to my understanding; the lender is under no obligation to report period except in perhaps the T&C they signed up for with the individual bureaus in question.