Quote Originally Posted by Red Rock View Post
Ok, I understand all the basics of all of this but my question goes to what smilingcat had to say.

On your last post you say that if you pay off your credit card-no matter what the balance is-they(the company) will cancel it for no apparent reason? This seems a bit strange to me. That or I am not understanding this fully. Why not reduce the amount that can be used-or something to that effect?

Red Rock
if the creditors/bank think you are a credit risk and even though you have paid down your card to zero, they rather not have you because of a poor credit score. In other words, they don't want you to lower the overall "quality" of the credit they extend. So they cancel you.

I've actually heard this happening to some home crafters who are involved in street fairs and art fairs.

smilingcat