09-24-2012 10:10 AM
Wolf3, I thought that accounts (CC) showing as closed on you CR was not a good thing. I was hoping that the two that were "closed" would just fall off all together.
Closed acconts in good standing is a good thing, its something you want. You need 2-3 open cards in good standing, anything more is over kill. The only thing that closing cards does is reduce your overall credit availible thus can effect your UTL, but if your UTL is low you can close cards. The best part about closed cards is that you can no longer get lates or chargeoffs, they just sit on your report aging for the next 10 years.
Last APP 4/26//2014 no plans for new credit I think I have enough.