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New Visitor
Spanky042
Posts: 5
Registered: ‎06-22-2007
0

Closing Credit Cards

My wife & I have several inactive credit cards. Most of which we have not used in many years. Is it considered a negative action against your credit scores if we were to close these accounts? Thanks!
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
0

Re: Closing Credit Cards

It cam reduce the average age of your accounts (bad) and reduce your available credit (bad).
 
The general consesnsus here is that if they are costing you nothing, don't close them
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
New Visitor
Spanky042
Posts: 5
Registered: ‎06-22-2007
0

Re: Closing Credit Cards

Makes sense, thanks!

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