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Should I get rid of 2 toxic cards?

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Anonymous
Not applicable

Should I get rid of 2 toxic cards?

I am working on rebuilding.  Should i payoff and close credit one and 1st premier?

Message 1 of 24
23 REPLIES 23
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?

If you have at least two other credit cards, yes. Kill them with fire.

Message 2 of 24
FinStar
Moderator Emeritus

Re: Should I get rid of 2 toxic cards?

What other tradelines do you have besides those two?

Message 3 of 24
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?

Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off.  A few recently paid collections

Message 4 of 24
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?

What is your current score?

Message 5 of 24
Ups77
Regular Contributor

Re: Should I get rid of 2 toxic cards?

I would get rid of one of them

Message 6 of 24
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?

590 transunion, 594 Equifax, and 621 Experian

Message 7 of 24
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?


@Anonymous wrote:

Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off.  A few recently paid collections


You've got other stuff, so you have outgrown those other cards.  Get rid of them before they charge you any more fees! Smiley Very Happy

Message 8 of 24
Anonymous
Not applicable

Re: Should I get rid of 2 toxic cards?


@Anonymous wrote:

Navy Fed Card 6 k limit, Chase Auto loan 13k balance was 18k, 2 Capital one cards, a jewlery account loan almost paid off, a few other loans paid off.  A few recently paid collections


Oh yes, well in that case, burn them in effigy.

 

 

 

Message 9 of 24
SunriseEarth
Moderator Emeritus

Re: Should I get rid of 2 toxic cards?


@Anonymous wrote:

I am working on rebuilding.  Should i payoff and close credit one and 1st premier?


If I were you, I'd close FP and call CreditOne and tell them you're considering closing the CC since you don't like the AF.   They may waive the AF for 6 months.   If so, then SD the card, keep working on your baddies so you can get better products and close before the AF hits again.  



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