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Want to close Walmart....Will I see score change?

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LuvsRetro
Frequent Contributor

Want to close Walmart....Will I see score change?

I would like to close Walmart just before the statement closes. 

 

It was opened in 10/2007.

 

Will the average age of accounts be affected?

 

I haven't paid if off, yet, but will right before the closing.

 

They have me on monthly CLD's. 

 

Balance owed $723.00 

 

Credit line $830.00. 

 

 

10/01/2017 myFico EQ-778 TU-793 EX-781
11/01/2017 myFico EX-799, Barclays 11-4 Reported: EQ-796 TU-826 EX-799
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1 REPLY 1
llecs
Moderator Emeritus

Re: Want to close Walmart....Will I see score change?

Your AAoA will not be impacted, for a while anyway. It will continue to report for 10 more years and then it will drop off. When it drops off, then it will no longer be scored.

Your util could be impacted. Definitely PIF before closing it.

Be sure to read Closing Credit Cards:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=117125&jump=true
Message 2 of 2
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