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My account has never been delinquint.

2007-12-30 00:55:10 · 7 answers · asked by Steve 3 in Business & Finance Credit

7 answers

I would say it might... Why not pay it off, keep it open. As long as you've paid on time, you should have great credit.

2007-12-30 17:38:21 · answer #1 · answered by lilAudrey 6 · 0 0

Not at all, Paying off a credit card will increase your score by a few points .Closing the account might not affect but you must make sure you have at least one card opened under your name. Though you may have an established credit history once you close all your accounts it might be hard for you to get a loan.

2007-12-30 01:03:58 · answer #2 · answered by Bargainhunter24 2 · 0 0

Yes it will. The best thing to do is to pay your balance off and keep the line of credit open. This shows lenders the availability of credit extended to you even if you don't use it. Credit cards are revolving accounts on your credit report. The less credit you use, the better it is for you.

2007-12-30 02:07:08 · answer #3 · answered by Anonymous · 1 0

YES, it will lower your score. There are many factors used in computing your score, 35% is payment history, if you close the account, the history ends.
Don’t close unused credit cards as a shortterm strategy to raise your FICO® score. Owing the same amount but having
fewer open accounts may lower your FICO® score.

Here is a link to find out more
http://pueblo.gsa.gov/cic_text/money/creditscores/your.htm
All about FICO scoring.

2007-12-30 01:19:29 · answer #4 · answered by Sgt Big Red 7 · 0 0

i prefer to propose remaining the money owed with annual costs if the corporation refuses to waive them. whilst you're unlikely to be using them there's no reason to maintain them open. in case you think of roughly it you're purely giving them money to no longer use some thing. Your credit will go through initially, yet as long as you're looking after the different playing cards (i.e. on time money; debt utilization of 20% or decrease) the effect of the remaining of the playing cards will bypass away with time. interior the components area is a link to a PDF report written via trouble-free Isaac entitled understand-how Your FICO score. it rather is an incredible mini ebook will large innovations approximately FICO scoring, and what styles of issues impression it.

2016-11-26 20:23:35 · answer #5 · answered by ? 4 · 0 0

It'll lower it a little....
Send a few x-tra dollar's every month,and pay it off that way.
Credit Card Co. like long engagement's..They feel,loved and left,if ya leave too soon !!!!

2007-12-30 22:26:04 · answer #6 · answered by Bow-legged Snake 6 · 0 0

Paying it off will increase your score a little, but don't close it. Closing the account will mess up your debt-to-availability ratio which will bring your score down.

2007-12-30 02:09:08 · answer #7 · answered by Melissa F 3 · 2 0

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