Closing Savings A/C - Credit Score Impact

[Anonymous]

All,

Stupid question. If i close savings account, will it impact my credit score?

Thanks

[Anonymous]

Opening/closing regular checking/savings accounts have 0/zero impact on FICO scoring.

[jmbfl]

Assets (measurable or otherwise) have no impact on the FICO score calculation.

[Anonymous]

Thanks to both of you.

[Anonymous]

---

gordonbs wrote:

Opening/closing regular checking/savings accounts have 0/zero impact on FICO scoring.

---

Almost true.

Opening and closing the accounts themselves will not affect FICO, but quite often, opening a deposit account like checking or saving will result in a hard inquiry, which very well may affect one's FICO score.

Moving this thread to Understanding FICO Scoring.

Message Edited by cheddar on 08-12-2008 01:10 PM

[mborgens]

I'm just finishing my year on a hard pull inquiry after opening a checking account at my local credit union.