Originally Posted by Duchess15
I heard on the Early Show one morning that closing accounts that you have opened actually hurt your credit more than just leaving it open.
Originally Posted by Duchess15
I heard on the Early Show one morning that closing accounts that you have opened actually hurt your credit more than just leaving it open.
Originally Posted by pennicat
Both DH and I have scores right around 800 on Experion. Their high is 830, so the scale does vary with the 3 different companies. When we applied for our homeloan, our mortgage officer said he would have jumped over his desk to shake our hands when he pulled our credit report, had we actually been in the office.
I worked Credit for 10 years. When we would score people that applied for cards, we would ding them if they had a lot of individual store cards, for example, cards for gas stations, department stores, etc. It was OK to have bank issued credit cards that could be used all over the place.Originally Posted by kittylover4ever
I've heard conflicting stories on whether to close or not close credit accounts you never use..........hummmmmmmmm