New Contributor
Posts: 63
Registered: ‎02-07-2008
Closing Accounts

I have always been told to never close accounts, to just tuck the card away and use it for gas every other month or something. I am at a high utilization at this point, about 90-95%. I'm paying 4 cards off this month and was just planning to close them. They are subprime cards with A/f and 20%+ interest rates stuck at 300 to 500 cl. I figure getting rid of these guys cant hurt me because I'm already maxed on my utilization. Is that right?? My scores range in the low to mid 600s.

 

Thanks.


Starting Score: EQ 500 TU 500 EX 500
Current Score: EQ 590 TU 658 EX 647 3/23/15 Recommitted to Fico Health! Smiley Happy
Goal Score: 675