So, 4-5 months ago, my scam auto insurance company claimed I owed them $90 for cancelling my policy early, and I tried disputing it with the BBB after discovering a lot of people had been scammed out of this false fee, however they sent it to a bill collection agency in the meantime. And of course, the bill collectors they use are also a little shady (google IC Systems complaints/BBB), and called me relentlessly, even though I was trying to explain my side of everything, WHY I cancelled the insurance (they don't pay out if you get into a wreck, their coverage is awful, and on top of all that my truck was in and out of the shop to the point that I drove it maybe once a month). It takes forever to even talk to someone who can handle the situation, because I used an insurance agency
who found customers for my insurance company
. If I wanted to talk to the company, they would tell me they don't handle these things and redirect me to the agency. And the agency wouldn't help me because they sent it to the collections. And the collections couldn't explain to me why my agency was charging me, because they were just after that final bill.
But last month, the collection popped up on my alerts finally and I was so sick of dealing with all this that I just paid the collection agency. It is still on my report though, I didn't ask for them to remove it (even if they could) only because I was so upset by all this crap-o-la.
My credit report took a lovely 40 point hit, that I am hoping it recovers from as it is "paid", even if it's still reporting for another 7 years.
And now I'm not going to even bother with worrying about my score, or running my credit for anything (cards, loans, phone, etc) only because I don't want to deal with rejection. So during this down time, I'm wondering, should I go ahead and close my CapOne?
It is my oldest card, but I haven't used it in 2 months, only because it's my smallest limit and I hate the interest. It's also secured so I could get my deposit back.
TLDR; score is already low, should I take another hit while I am down for the count?
ALSO, be wary of your insurance companies... Just because your friend refers you, doesn't mean it's legit. :/