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Can credit card companies close your accounts without warning? How does it affect your credit score? April 2, 2010

Posted by Banking in : Credit , 6comments
I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)

Also, I know that closing credit card accounts lowers your credit score. Does anyone know how much mine will be affected?

By: Sara

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How can I add a different named bank account with PayPal? April 2, 2010

Posted by Banking in : Personal Finance , 1 comment so far
I am wanting to transfer funds into my wife’s bank account from my PayPal account, but I am not able to add an account without using my surname, which my wife does not use. My account cannot be used unfortunatly.

How could I achieve this? Thanks in advance.

By: Dr. Charlie Chambers

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