I have an open line of credit (be it at 24%) at Beneficial. It has a limit of $19,200. I payed it off last November. Since then a $0 balance. Should I close this? I know that FICO doesn't like commercial lenders (either do I) when scoring, but I fear by closing it, My availble credit will obviously drop too.
I have a Wells Fargo Visa with a $5,300 limit. A Capital One with a $2,000 limit. I have no balances on those cards.
By closing this open line of credit, will it hurt my score or help my score? My FICO's range from 596 to 640.
Thanks
