Saturday, January 23rd, 2010

Is it better for your credit score to close unused credit cards or leave them open with no balance?

I have several credit cards that I have’t used in a long time. Should I close these accounts or leave them open? How will it affect my credit score?

if they dont charge you any annual fee leave them open coz if you close them it WILL lower your score

This entry was posted on Saturday, January 23rd, 2010 at 9:43 am and is filed under Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Is it better for your credit score to close unused credit cards or leave them open with no balance?”

sar Says:
January 23rd, 2010 at 3:04 pm

if they dont charge you any annual fee leave them open coz if you close them it WILL lower your score
References :

I Love Richard KHC Says:
January 23rd, 2010 at 3:30 pm

Just cut the cards up and leave them alone, closing a card will affect your credit. As long as they aren’t costing you anything it will help you.
References :

Leave a Reply