If you had credit card debt in the past, or you have an older card you don’t really use anymore, you’ve probably read the advice that you shouldn’t actually cancel your card, rather keep it open to boost your credit score. In theory, it’s a nice plan. But if you’re not actively using your card, your issuer may just cancel it for you. Your issuer doesn’t need to give you notice that they’re canceling your card. Creditors can close an account for delinquency, inactivity or default without notice whatsoever. If they close the account for other reasons, such as an adverse credit report, they must notify the cardholder within 30 days after taking the adverse action. Here are a few reason suggestions:
Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.