Re: New accts added to CR, score not changing?[ Edited ]
10-16-2012 08:01 AM - edited 10-16-2012 08:03 AM
You should not close credit card accounts. The best thing to do, generally, is to use the card once a year and pay it off immediately. 35% of your score is based on current history (last 12 months) If you keep it but never use it, then it will not continue to have the impact it would if you use it once a year. There are general rules of thumb but they don't always apply. One of the best resources would be to contact a lender that offers a score analyzer through the credit reporting agency they use. It is cheaper than paying for it directly through the bureaus and you know it is working within the scores they are using. Most are accurate within 10% of projecting increased scores assuming an increase in possible. Not all lenders offer it so you will want to shop around.