Valued Contributor
Posts: 2,317
Registered: ‎09-16-2011
Re: CapOne/HSBC cards....

cgreer72 wrote:

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. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak/Freeom 4.6k, FNBO DISC 20.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5.5k Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 7k, Discover IT 11.5k and a nice stack of store cards.
Last APP/HP 4/22/2015