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Closing secured cards advice

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mossmanb5
Established Contributor

Closing secured cards advice

As u can see from my signature I have came along way from only having 3 secured cards. I just closed my 600 dollar cap one secured card and I'm debating to close my open sky and emblem secured cards. All are paid in full and total they equal 1100 dollar and I have bout 33000 in available credit so not that bad of a hit on uti. Only owe bout 1000 between all my other cards and am gonna use the 1100 to pay the rest off. As from read I been reading the cards will still report positive for the next 10 years. They def served their purpose and got me where I am today. Just want to get others opinions. Thanks
72 cards and done 312,800 in available credit
0.5% uti / 2.2 aaoa
eq 698 / ex 712 / tu 729


inqs= eq 48 / ex 35 / tu 15
Message 1 of 6
5 REPLIES 5
baller4life
Super Contributor

Re: Closing secured cards advice

Yeah I would ditch them. They have served their purpose. You will have the positive TL for 10 yrs.

Message 2 of 6
mossmanb5
Established Contributor

Re: Closing secured cards advice


@baller4life wrote:

Yeah I would ditch them. They have served their purpose. You will have the positive TL for 10 yrs.


yea i have to call the others tomm.

72 cards and done 312,800 in available credit
0.5% uti / 2.2 aaoa
eq 698 / ex 712 / tu 729


inqs= eq 48 / ex 35 / tu 15
Message 3 of 6
Mrjstics
Valued Member

Re: Closing secured cards advice

yea close. I diid the same now it must go from my siggy lol

Personal: Macys(300), Amazon Rewards Visa(500), Barclay NFL(1250), Havertys(2000), NFCU Sig(14,000), NFCU Go Rewards(14,000)

Business: Cap One Sparks(1500)
Message 4 of 6
mossmanb5
Established Contributor

Re: Closing secured cards advice


@johnstics wrote:

yea close. I diid the same now it must go from my siggy lol


how long did it take for you to get your deposit back from them and how did the send it

72 cards and done 312,800 in available credit
0.5% uti / 2.2 aaoa
eq 698 / ex 712 / tu 729


inqs= eq 48 / ex 35 / tu 15
Message 5 of 6
takeshi74
Senior Contributor

Re: Closing secured cards advice


@mossmanb5 wrote:
Just want to get others opinions.

I'd close them but you have to do what works for you.  If you want see if you can PC them.

Message 6 of 6
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