turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
I have about 12 credit cards listed on my CR's, with about 9 of these currently open. One of those cards is an WFNNB/Express Card, which was opened in 1995. I've never really used it, it only has a CL of $300, and it's listed as inactive. Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL? My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit.
I sincerely appreciate any and all imput...thanks in advance!
Starting Score: 718
honeybrook1 wrote:I have about 12 credit cards listed on my CR's, with about 9 of these currently open. One of those cards is an WFNNB/Express Card, which was opened in 1995. I've never really used it, it only has a CL of $300, and it's listed as inactive. Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL? My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit.I sincerely appreciate any and all imput...thanks in advance!
If it's inactive, deleting it shouldn't have much of an affect. I think?
honeybrook1 wrote:
I have about 12 credit cards listed on my CR's, with about 9 of these currently open. One of those cards is an WFNNB/Express Card, which was opened in 1995. I've never really used it, it only has a CL of $300, and it's listed as inactive. Would it be wise to have this account deleted (Express has no record of it), even though it's a postive TL? My thinking is that this would be a good thing, since I have several cards that are older and decreasing the number of cards that I have would improve my score a bit.I sincerely appreciate any and all imput...thanks in advance!
This would not be a good idea. You don't have anywhere close to "too many" accounts.
Removing old closed or inactive accounts with excellent payment history is one of the most common mistakes people make. Those old accounts are HELPING you a great deal. Leave them alone until they fall off on their own. 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
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
FOLLOW US 
SUBSCRIBE TO myFICO EMAIL 