March 31, 2008 - 11:49 A.M.
Hannaford breach hurts credit scores
- TAGS:credit card, credit card fraud, credit score, Hannaford
- IT TOPICS:Security
In the last year I have had to cancel four credit cards due to security breaches first at TJX and now Hannafords. But while I didn't have to pay for the cards to be reissued, repeated cancellations of cards can have a negative effect on your credit score, according to an expert who spoke on New Hampshire Public Radio this morning.
While the effect of cancelling and reissuing cards is not as important as paying bills on time, it is a factor in determining your credit score, according to the spokesperson.
You can listen in here.
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