If you have lost your credit card of course you want to cancel it immediately. Informed the company that has issued it to you as soon as possible so you will not be charged or held liable for any amounts charged on them.
This is not the only reason that you would cancel a credit card. If you have cards that you do not use this may interfere with you getting a credit card that you do want. Creditors sometimes feel that having too many credit cards you may overextend yourself. Therefore it is better to just go ahead and cancel the unused cards.
There is a simple solution to this problem even though there are telephone numbers you may call to cancel your card is also wise to put in writing. This can be done with a simple letter. Just send a letter title request to cancel credit card.
In your letter you will request that the credit card be canceled and also reported to the credit bureau that your account has been closed. You might also add that the card has been destroyed and will not be used again. It would be wise to send this letter registered so that you would have some proof of your request. This is a simple letter that you might do yourself. I
Jan 9, 2012
Cancel Credit Cards
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