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I have 2 accounts that I'd like to get rid of.
Fingerhut - $700 - Opened 12/1/2018
Credit One - $450 - Opened 6/1/2018
I've Increased my available credit to over $30K.
I Also have:
QS1 - 3K 1Month
QS - $850 2 years
NFCU Platinum - $15K < 1 month
NFCU CLOC - 15K < 1 month
I have other closed accounts on my CRs from years ago. All closed in good standing.
Shoud I go ahead and close Fingerhut and Credit One? Doesn't seem they'll affect my AAOA very much.
Close them with a quickness.
They won't impact AAOA until ~10 years from now (exclusion time on a positive closed account). Zero credit penalty other than maybe revolvers or accounts with balances, and that's always addressible other ways in addition to being very minor.
No reason to close accounts that don't have an AF or MF associcated with them. Just sock drawer the card and let it age. Use it once in awhile and they may increase your CL which could help your FICO score for util.
Whoops...
Closed the cards. CreditOne updated immediately. Forgot that I was using it as my AZEO card previously. Reported 0 balance. 0 Utilization accross my revolvers. Score dropped 8 points.
Can't win for losing.
@Anonymous wrote:Whoops...
Closed the cards. CreditOne updated immediately. Forgot that I was using it as my AZEO card previously. Reported 0 balance. 0 Utilization accross my revolvers. Score dropped 8 points.
Can't win for losing.
Congrats on dropping dead weight, the points will be back