Advice wanted

[hbmcracer]

Company	Account number	Date opened	Balance	Limit
Gecrb/Lowes Brc 	Revolving	Oct-04	$0 	2600
Gecrb/Wal-Mart 	Revolving	Jul-06	$0 	1400
Dell Financial Services 	Revolving	Dec-06	$0 	2200
Gecrb/Chevron Plcc 	CLOSED REVOLVING	Oct-03	$0 	
Gecrb/Select Comfort 	CLOSED INSTALLMENT	Apr-03	$0 	
Conseco Financial 	CLOSED INSTALLMENT	Apr-03	$0 	
Sears/Cbna 	No idea if it's still open	Nov-93	$0 	
Capital One Bank Usa Na 	Revolving joint	Sep-07	$4,800 	5000
Navy Federal Cr Un 	Revolving	Sep-09	$3,788 	4000
Navy Federal Cr Un 	Revolving	Sep-09	$935 	2500
Merrick Bank 	Revolving	Feb-05	$0 	1700
Hsbc Bank 	Revolving	Jan-06	$0 	1550
Exxnmobil/Citibank Cbna 	Revolving	Apr-06	$0 	700
Shell/Citibank Cbna 	Revolving	May-11	$0 	600
Capital One Bank Usa Na 	Revolving	May-04	$6 	1000
Chevron 	CLOSED REVOLVING	Oct-03	$0 	
Capital One Bank Usa Na 	CLOSED REVOLVING	Nov-01	$0 	
Hsbc Bank 	CLOSED REVOLVING	Nov-01	$0 	
Wells Fargo Home Mortgag 	Mortgage	Jul-09	$138,545 	
Emc Mortgage 	CLOSED INSTALLMENT	Aug-02	$0 	
First Nationwide Mortgag 	CLOSED INSTALLMENT	Apr-01	$0 	
Navy Federal Cr Un 	Trailer	Jul-09	$11,165 	
Springleaf Financial Srv 	CLOSED INSTALLMENT	Jul-09	$0 	
Family Support Div San B 	bitch ex-wife	Apr-08	$0 	
American Honda Finance 	CLOSED INSTALLMENT	Feb-02	$0 	
Wells Fargo Auto Finance 	Truck	Nov-11	$30,365 	
State Farm Bank 	Car	Sep-10	$11,545 	
Navy Federal Cr Un 	CLOSED INSTALLMENT	Jul-09	$0 	
Navy Federal Cr Un 	CLOSED INSTALLMENT	Sep-09	$0 	
Chase Auto Finance 	CLOSED INSTALLMENT	Jul-06	$0 	
American Honda Finance C 	CLOSED INSTALLMENT	Apr-03	$0 	
Springleaf Financial Srv 	CLOSED INSTALLMENT	Jan-03	$0 	
Model Finance 	CLOSED INSTALLMENT	Feb-01	$0 	
Green Tree 	?????	Not on Record	$0 	

[hbmcracer]

Sorry it pasted all wierd.  I am considering closing HSBC and Merrick as they have annual fees.  Is this a good idea or not.  Any other advice?

The sears card looks like it is still reporting as an open account, but I haven't had a card there in over 10 years.  I am not gonna mess with that lol

[RobertEG]

Definately a good idea from the financial point of view.

The FICO scoring impact may be little, as closing the accounts wont remove them from your avg age of accounts calculation. However, they might choose to delete the accounts after closing, and if they decide to do that, they will be gone from AAoA.  They are a couple of your oldest accounts.

I see 4-5 other open revolving accts, so closing the two probably wont have signiicant effect on your % revolving with balance, but if you retained them as open accounts and kept their balance at $0, they would help your % cards with balance.

All said, I would probably close them, but that is a personal decision.