cancel
Showing results for 
Search instead for 
Did you mean: 

To combine or not to combine? Advice is needed

tag
Anonymous
Not applicable

Re: To combine or not to combine? Advice is needed


@Gmood1 wrote:
You'll be fine, I'm closing 10 cards this year.

Wow. Thank you again, I went ahead and combined them, so I now have 8 cards. I am going to let them grow and age.

Message 11 of 14
CatOfSpades
Frequent Contributor

Re: To combine or not to combine? Advice is needed

Good deal!! I'm one of those crazy people who closed their oldest card last year. I'd had it for 10 years. If you're not in the market for any new loans, it doesn't matter if your score goes down for a few months. And it was really only a few months. Fico has no long term memory. Live fearless. Smiley Tongue

♠Queen of Spades♠
Apple Card MC $10,000
BofA Cash Rewards VS $10,000
5/3 Cash/Back WEMC $10,000
Message 12 of 14
Anonymous
Not applicable

Re: To combine or not to combine? Advice is needed


@CatOfSpades wrote:

Good deal!! I'm one of those crazy people who closed their oldest card last year. I'd had it for 10 years. If you're not in the market for any new loans, it doesn't matter if your score goes down for a few months. And it was really only a few months. Fico has no long term memory. Live fearless. Smiley Tongue


Not in the market for a new loan, well not until 2019 that's when I plan to maybe buy a house. 

Message 13 of 14
RonM21
Valued Contributor

Re: To combine or not to combine? Advice is needed

Good, combining them. As was said, later on you can continue with the increases on it as if nothing changed.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 14 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.