05-22-2010 04:37 PM
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.
Starting Score: EQ 500 TU 500 EX 500
Current Score: EQ 590 TU 658 EX 647 3/23/15 Recommitted to Fico Health!
Goal Score: 675