when I started my path to credit recovery, I got approved for the basic rebuilder cards...Orchard, BB RWZ MC, Cap One (2), Hooters etc...Since then, over the past few months I have ben getting approved for better cards and even a "prime" one. I got a Barclays card with a $1300 limit and now a Chase Amazon card with a $3500 limit.
Here's what I need to know...if I close some of these rebuilder accounts, will that effect my scores?
Orchard - $79 annual fee, $400 limit, opened in 2008
Best buy Rewards Zone MC - $59 limit, $510 limit. opened in February of this year
Hooters - $36 annual fee? $500 limit - opened March 2010
Cap One - $59 annual fee - $1000 limit, opened December 2008
Cap One - $39 annual fee - $500 limit, opened December 2009
Starting Score: 454
@Anonymous wrote:If you close older accounts while opening new ones you AAOA will drop as will your FICO scores.
See i thought aout that, but someone told me, it doesnt matter because they still stay on your report for 10 years. any truth to that?
@MyCreditStinks wrote:@Breakthecycle2 wrote:
See i thought aout that, but someone told me, it doesnt matter because they still stay on your report for 10 years. any truth to that?
Looks like to me, there is truth to that according to this.
That is GREAT info and exactly what i was told.
+1
