topic It depends.  Are you considering closing one of your olde... in Understanding FICO® Scoring https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Accounts/m-p/127#M56 <DIV>It depends.&nbsp; Are you considering closing one of your oldest tradelines?&nbsp; In that cse it may reage your credit history causing negative effects.&nbsp; Try closing the most recently opened of the two and monitor for any adverse affect.&nbsp; The utilization question comes in to play.&nbsp; If utilization is at 10% with the accounts open and will be at 25% after closing it may hurt you score somewhat.&nbsp; On the other hand if utilization is at 25% with the acounts open and would rise to 30-40% after closing, it could hurt your score alot.</DIV> Sat, 10 Mar 2007 18:05:07 GMT Anonymous 2007-03-10T18:05:07Z Closing Accounts https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Accounts/m-p/98#M44 <DIV></DIV><DIV>Does it help or hinder the FICO score by closing one of two accounts if you have, say, 10 open accounts, all with balances, but all with less than 25% balance-to-credit-limit ratios.</DIV><DIV>&nbsp;</DIV><DIV>I've been told (by creditors) both answers - one says it&nbsp;would increase FICO&nbsp;to close a couple of those accounts, another says it hurts my credit score to close any account which has good reporting.&nbsp; Any thoughts?</DIV><DIV>&nbsp;</DIV><DIV>Thanks,</DIV><DIV>&nbsp;</DIV><DIV>Dez</DIV> Fri, 09 Mar 2007 21:48:34 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Accounts/m-p/98#M44 Anonymous 2007-03-09T21:48:34Z It depends.  Are you considering closing one of your olde... https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Accounts/m-p/127#M56 <DIV>It depends.&nbsp; Are you considering closing one of your oldest tradelines?&nbsp; In that cse it may reage your credit history causing negative effects.&nbsp; Try closing the most recently opened of the two and monitor for any adverse affect.&nbsp; The utilization question comes in to play.&nbsp; If utilization is at 10% with the accounts open and will be at 25% after closing it may hurt you score somewhat.&nbsp; On the other hand if utilization is at 25% with the acounts open and would rise to 30-40% after closing, it could hurt your score alot.</DIV> Sat, 10 Mar 2007 18:05:07 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Closing-Accounts/m-p/127#M56 Anonymous 2007-03-10T18:05:07Z