Reply
New Visitor
Bigdaddy53
Posts: 1
Registered: ‎07-12-2007

To close or not to close

I am in the process of paying off all of my credit card debt.  Once I clear a card is it better fico wise to keep the account open, or close the ones I do not plan to use again?
 
Any help is appreciated.
 
BD53
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007

Re: To close or not to close

Welcome.  Please read the Scoring 101 thread.  It's probably best NOT to close them.
 
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.

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
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+