Closing a Line of Credit

[Anonymous]

I recently paid down to $ 0 the balance on a line of credit.  I was wondering if I should close the account . I thought that showing the zero balance against the available credit line would positively impact my debt to credit ratio but I've heard that allowing the account to remain open would adversely impact furture credit.

Wondering what other's experience might be ?

[Anonymous]

From reading on the other forums, I would recommend leaving the account open with a $0 balance. Just let the account age because the age of your accounts helps your CS over time. Also, if it is a $0 balance it isn't like it is costing you anything to keep it open, unless you have an annual fee.

[RonM21]

+1