Canceling Credit Card before Issuer Does
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Posted by Ken (66.217.102.167) on July 01, 2002 at 03:21:44:
I am 60 days late on a credit card. Issuer is threating to close account if I do not pay full balance immed. I am unable to make full payment and they will not accept partial payment. Letter stated if I don't make full payment by 7/20/02 they will cancel card and report same to CRA. If I cancel card myself will that look better than issuer canceling it?
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