Good Riddance Wells Fargo Financial

Day 310 of my Financial Freedom Countdown

This has just not my week for good news. I almost had a judgement filed against me, the hot water heater went out at my rental property, and the second mortgage on my investment property has been sold to another servicer before we could get a loan modification on it. So what else can happen? Two of my credit card accounts that have been paid in a timely matter have been closed.

I hadn't paid attention to the expiration date on my Wells Fargo Financial cards, but they did expire last month. Not only did they expire, but Wells Fargo Financial sent me a letter stating they were closing the accounts and not re-newing the cards.

The thing is these credit cards were the only cards that we did not have on a balance liquidation program. So we now have no available credit whatsoever. Is this a bad thing, really? Not at all. We have our emergency fund in place and now there is no way we can get into financial trouble again since all of our credit cards are now closed. One thought however...How is this going to change my credit score with no open credit lines? Credit scores? We don't need credit scores where were going.

photo via (Credit.com)

[This post is written and copyrighted by Financial Elite (http://financialelite.blogspot.com/ ).]

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