topic Re: Could use some advice in Credit Cards

Could use some advice

Anonymous — Wed, 22 Feb 2017 01:39:33 GMT

Hello everyone. This is my first time posting. I am currently on a credit rebuilding journey. Started with a 525 credit score. I got Merrick bank and One United bank secured credit cards in October 2015 and uses them to raise my score enough to secure US Bank, Capital One, American Express and Discover credit cards. Though the Merrick and One United cards were useful and helpful when I started, they have become an irritation. They are the only cards with annual fees and I don't use them at all, so I am essentially just giving them money for nothing. I would love to close these cards, but don't want that to affect my average age of credit. Is it safe for me to close these two accounts? Thanks in advance for your help.

Re: Could use some advice

Chris679 — Wed, 22 Feb 2017 01:57:42 GMT

Yes, close em. Don't let your credit score cost you money as a rule but in this case they will continue to stay on your report for at least 10 years.

Re: Could use some advice

austinguy907 — Wed, 22 Feb 2017 02:03:17 GMT

Quality over Quantity at this point.

If you surround yourself with successful people you too may become successful as well!

Re: Could use some advice

Anonymous — Wed, 22 Feb 2017 05:41:17 GMT

Thanks for your advice. Been itching to dump them, but didnt want it to hurt my credit score.

Re: Could use some advice

Anonymous — Wed, 22 Feb 2017 18:26:26 GMT

Just to update. Cancelled both Merrick bank and One United bank cards today. So relieved to finally be rid of them.

Re: Could use some advice

austinguy907 — Wed, 22 Feb 2017 18:38:11 GMT

@Anonymous wrote:
Just to update. Cancelled both Merrick bank and One United bank cards today. So relieved to finally be rid of them.

Sometimes feelings are better than the item. Sometimes we hold onto the wrong things for the wrong reasons. Just let go and go with your gut sometimes! If it feels good there's nothing wrong with it Well, except for those 50 shades of app you're thinking about now!