Knowledgeable answers only please.
Also, how do I contact the Credit Bureau?
2007-01-03 02:59:21 · 5 answers · asked by galactic129 1 in Business & Finance ➔ Credit
Yes it does. Just don't use them if they are paid off. You can contact the bureaus at transunion.com, experian.com, equifax.com - In order to speak with a real person at experian you have to order an experian credit report. You can get your report from all three bureaus at annualcreditreport.com.
2007-01-03 03:03:31 · answer #1 · answered by Marcella D 2 · 0⤊ 0⤋
Closing your credit cards does not hurt your credit score. But leaving them open does help it. There is a portion of the formula that is based on total available credit, so the more available credit you have the better.
If you want to not use a credit card, just cut it up and don't request another one. Just don't close it.
2007-01-03 11:01:16 · answer #2 · answered by Drew P 4 · 0⤊ 0⤋
Closing credit cards do not hurt your credit score. Just be sure to tell the credit card company to put the reason down as "by cardholder request".
Here are the three credit unions:
www.equifax.com
www.ExperianDirect.com
www.transunion.com
Goodluck!!
2007-01-03 11:02:33 · answer #3 · answered by Jfranc1 3 · 0⤊ 0⤋
It depends.
Because of the total amount of credit that you can have vs the amount of credit you are using IS counted.
Example:
CC $3,000 limit ($0.00 balance)
Auto loan $25,000 ($15,000 balance)
House $100,000 ($75,000 balance)
If you were to say sell your house and buy a new one, I'd keep that card open as the ratio is better with the $3000 unused credit.
There ARE times to get rid of unused cards that won't hurt your credit rating. Although I would try to pay down one of my other cards before getting rid of an unused one.
2007-01-03 11:46:37 · answer #4 · answered by chefantwon 4 · 0⤊ 0⤋
Not if you have paid your bill on time and have a good track record and you closed them yourself,,,,It will not affect your credit score.
2007-01-03 11:02:24 · answer #5 · answered by Gypsy Gal 6 · 0⤊ 0⤋