https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179272#M17302 <BR /><BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/64369">@Andy77</a> wrote:<BR /><DIV>So, I had my first premier card for about 4 yrs and I paid the bal to zero and closed it.</DIV><DIV>Is closing this account going to make my scores drop or could they possibly go up.</DIV><DIV></DIV><DIV>Currently I do not have any revolving debt and 14100 in credit available, excluding the 1000 from the first premere card I closed...</DIV><DIV></DIV><DIV></DIV><BR /><HR /></BLOCKQUOTE><BR /><BR /><BR />Andy, if you have no revolving debt, and close one of your cc's, then you will see a slight score drop as you have lost the benefit of the utilization factor on that card. But your scores should rebound in the next 3-6 months as your remaining cc's gain additional history on them Thu, 13 Mar 2008 16:49:32 GMT Anonymous 2008-03-13T16:49:32Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179214#M17290 <DIV>So, I had my first premier card for about 4 yrs and I paid the bal to zero and closed it.</DIV><DIV>Is closing this account going to make my scores drop or could they possibly go up.</DIV><DIV>&nbsp;</DIV><DIV>Currently I do not have any revolving debt and 14100 in credit available, excluding the 1000 from the first premere card I closed...</DIV><DIV>&nbsp;</DIV><DIV>&nbsp;</DIV> Thu, 13 Mar 2008 15:52:51 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179214#M17290 Andy77 2008-03-13T15:52:51Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179235#M17293 <DIV>Since you have no revolving debt my guess would be no there wouldn't be a negative affect.&nbsp;</DIV> Thu, 13 Mar 2008 16:18:53 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179235#M17293 Anonymous 2008-03-13T16:18:53Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179272#M17302 <BR /><BLOCKQUOTE><HR /><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/64369">@Andy77</a> wrote:<BR /><DIV>So, I had my first premier card for about 4 yrs and I paid the bal to zero and closed it.</DIV><DIV>Is closing this account going to make my scores drop or could they possibly go up.</DIV><DIV></DIV><DIV>Currently I do not have any revolving debt and 14100 in credit available, excluding the 1000 from the first premere card I closed...</DIV><DIV></DIV><DIV></DIV><BR /><HR /></BLOCKQUOTE><BR /><BR /><BR />Andy, if you have no revolving debt, and close one of your cc's, then you will see a slight score drop as you have lost the benefit of the utilization factor on that card. But your scores should rebound in the next 3-6 months as your remaining cc's gain additional history on them Thu, 13 Mar 2008 16:49:32 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Account-Negative-Effect-On-Score/m-p/179272#M17302 Anonymous 2008-03-13T16:49:32Z