closing FP

[LS2982]

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@frogfan12 wrote:

LS, long time no see. Where have you been hiding? Haha.

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I've been in and out lately, trying to finish my budgets for the month and making new ones.

[afbar1114]

i just hope closing FP will help me get better banks and better limits

[LS2982]

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@afbar1114 wrote:

i just hope closing FP will help me get better banks and better limits

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Just that alone won't but how you handle your files from there will.

[afbar1114]

so i should leave all my cards open? the ones with high limits? 

[AndySoCal]

Afbar,

Closing FP will not have any impact on getting bigger limits.  The credit approval process and the credit limit  is based on what is termed credit worthiness. Credit worthiness is based on your income, level/amount of indebtedness, and your credit history. Closing FP is the right thing  to do. You need to FP to help you build or build your credit. From what I see of your scores and other info in your sig that process has been completed.  Now you need to allow the accounts you have gotten since the rebuild to age. This in turn will help your score. Closing FP will help  save you money.

[afbar1114]

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@AndySoCal wrote:

Afbar,

Closing FP will not have any impact on getting bigger limits.  The credit approval process and the credit limit  is based on what is termed credit worthiness. Credit worthiness is based on your income, level/amount of indebtedness, and your credit history. Closing FP is the right thing  to do. You need to FP to help you build or build your credit. From what I see of your scores and other info in your sig that process has been completed.  Now you need to allow the accounts you have gotten since the rebuild to age. This in turn will help your score. Closing FP will help  save you money.

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ok thanks so in about 6 months ill give it a shot for another card 

[Anonymous]

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@smc733 wrote:

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Glad to hear!  Always a good thing to ditch the super-sub-prime like FP.

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Super and Sub are opposite in meaning and would cancel each other out.  I suggest extra sub prime better descripes FP.