Credit Cards Center Credit cards from our partners
New Contributor
Posts: 73
Registered: ‎11-08-2007


I wanted to inquire about my credit report.. I have a lot of open store cards as well as low limit credit cards.  Please let me know how to boost my credit score.. I was thinking of closing a few of these, but did not want it to cause my credit score to decrease.  I am waiting for a few to drop off due to 7yrs but will this happen on the exact day??  So when they do drop off and I had a late payment that will vanish too?  So if the card is open, and it has been 7 yrs then I need to close the account in order for it to disappear fm my CR?  Thanks..
Established Member
Posts: 16
Registered: ‎01-04-2008

Re: Question?

Wow.....that was a lot but not enough vital info Smiley Happy  I'm only talking about my Personal opinion here BUT the store CC need to go but I would wait till your score is in a good place then drop them. (you defiantly should NOT be using them) You mentioned you have CC w/low limits why? As long as your making payments they should raise your CL if that hasn't happened you can call them and get it raised. Which is a big deal since your credit debt ratio would help you in raising your FICO. You kind of through me off by the 7 years drop off question.........well first it should drop off 7 years with in that month that the account first showed up on your CR. The following month you should more a less see a change on your report. What I don't get is the question...... should you close the acc. once it's dropped after 7 years.........if it's an open acc it's open it won't go away in 7 years. It has to be a  delinquent acc which means it has to be closed. From reading on this forum late payments stay for a long time depending on how late they are. Hopefully I helped a little knowing more like how many cards you have and your balance on them tells a lot so i'm kind of limited on any specifics.  GOODLUCK

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.