Cancelling Target Stolen Credit Card Shouldn’t Hurt Your Credit Score

Target credit cards stolen
Anyone who has shopped at Target during the holiday season (November 29 through December 15, 2013) and used a credit card or debit card (including the Target Red Card) for the transaction has likely had their information compromised. There are a number of steps that should be taken to protect your accounts including cancelling your credit card and getting a new one. While this is definitely a huge inconvenience, there is a little bit of positive news for those who do cancel. Doing so shouldn’t hurt your credit score.

In many cases when you cancel a credit card, your credit score will take a hit. There are a couple of reasons for this. If the card that you cancel happens to be the one t


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One Response to Cancelling Target Stolen Credit Card Shouldn’t Hurt Your Credit Score

  1. dertay ernesto says:

    I cancelled my Visa today. It will be 7 to 10 days for a new one but I have an ATM card if I need cash, no problemo. I also notified those accounts who take auto payments on my card that the card was cancelled by me, why I cancelled it (used at Target) and I will let them know the new card info ASAP. Its only fair they know this too. They all understood and were glad I notified them.

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