All things else being equal, if it saves you money do it, if it costs you more money don't. Finances > FICO.
That said, we're still trying to figure out some of the lines when it comes to accounts with balances and how installment loans work on these older algorithms. We know it's separate, and we've even had datapoints where accounts with balances with a single revolving tradeline reporting is a bigger penalty than someone going to all-zero on their revolvers.
The profile posted before is different than yours, 4 accounts is close to thin file territory frankly whereas yours is not. I'm not suprised on that profile that they didn't get any score shifts, that is especially true if they're only tracking FICO 8 which is flatly different when it comes to revolvers or accounts with balances (this is all annoying difficult to nail down without making material changes to one's total number of installment lines and I can't open one right now to check, need to stay clean for possible mortgage).
So if you did do it, yes I suspect you'd probably get something with how the data is shaping up on say EX FICO 2; however, that said, it's not guarunteed and ultimately if it doesn't make sense financially don't do it as your scores are probably fine for virtually everything if you don't have negatives TBH.
@Revelate wrote:All things else being equal, if it saves you money do it, if it costs you more money don't. Finances > FICO.
The profile posted before is different than yours, 4 accounts is close to thin file territory frankly whereas yours is not. I'm not suprised on that profile that they didn't get any score shifts, that is especially true if they're only tracking FICO 8 which is flatly different when it comes to revolvers or accounts with balances.
Very true on this. My mortage score (and the others) was mainly in my peripheral since I already had a 2.5% mortgage, so I am only 100% about the 8 score and pretty sure about the others, but it has been over 2 years.
@Revelate wrote:All things else being equal, if it saves you money do it, if it costs you more money don't. Finances > FICO.
Revelate is right, I think this is more important than line reduction if you have the cash on hand and it doesn't completely deplete your cash reserves.
