toppers555 wrote:
JonStur wrote:
maiden_girl wrote:Why is everyone closing their cards? If its unsecured and there's no annual fee...I'd keep it open. It will help with UTL and AAoA. CAP1 is my oldest tradeline and although I don't particularly like the card anymore, it helped me get my foot in the door and on to better cards. I won't be using it anymore. It has served its purpose but I definitely won't be closing it.
+1000 Unless there is some outrageous AF, keep it open especially if you have a thin credit file. Also, there might not be a large credit line but it still will help your overall utilization. It is up to you but I would suggest closing your card for business not emotional reasons.
It purely business, I am just more or less pissed with them atm. Its a 3k secured card that i have had for years and has af. my AAofa will not take to much damage .I will stll have 12 active tradelines with this account closed. Utl is not a concern it at 1% atm and it not going anywhere. I have no need to use my existing credit lines besides just showing activity.
Way to go!!!
Starting Score: TU 686 EX 641 EQ 690
I closed my Capital One account ($1250 CL), 22.9% interest rate, and a $36 AF. I asked for a CLI, no go, so it was paid off, and I closed it. The CSR didn't even try to get me to keep from closing it. I received notice yesterday that Cap 1 was closing my HSBC card for non use ($1100 CL, & 22.9% IR).....Oh well!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
