My husband has 6 open.
I am thinking of closing the sub-prime ones he has because they charge monthly fees, and fees to use online bill-pay. He has had one called "Credit One Bank" for 12 months and I know they're going to hit up an annual fee soon. The credit limit is $250 on that one. It currently has $146 balance I was going to pay it in full and close. I just don't want this to hurt his credit. He has a 690 score. I just don't think the fees on some of these are worth it. The credit one they're card blows it's even falling apart and he never used it for anything. It seems like a bad company to be with they charge for online access, bill pay, monthly fee of $7, high interest rate, and low credit limit. His First Premier is terrible too but he's had them since early '05 and it helped build his credit so we won't close them.
First Premier - $200 (2005)
Capital One -$500 (2005)
WaMu -$1000 (2006)
Credit One -$250 (2006)
1st Savings -$300 (2006) x2 (he has 2 accts with them both same)
2007-08-28
05:11:45
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12 answers
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asked by
VanillaRoses7
1
in
Credit