Credit Tips: Should I close credit card accounts that are not in use?

Posted On: January 1, 2005

Author: cmhanso
Joined: 03 May 2004
Posts: 1
Posted: Mon May 03, 2004 8:40 pm
Post subject: Cancelling Cards I No longer use (or have!)

[b]Over the years we have opened a number of credits cards to get various promotional “goodies” and subsequently never use the cards again. In checking my credit report I have a number of cards shown as open that I do not have the cards for (cut up and threw away long ago) and cannot find any statements for them. All I have is the name of the institution and the last four numbers of the account Does anyone know how I can close these accounts with so little info??[/b]

View our latest credit card ratings!

Author: mouse
Guest
Posted: Tue May 04, 2004 12:26 am
Post subject: Re: Cancelling Cards I No longer use (or have!)

cmhanso wrote:
Over the years we have opened a number of credits cards to get various promotional “goodies” and subsequently never use the cards again. In checking my credit report I have a number of cards shown as open that I do not have the cards for (cut up and threw away long ago) and cannot find any statements for them. All I have is the name of the institution and the last four numbers of the account Does anyone know how I can close these accounts with so little info??

Closing POSITIVE accounts can kill a F.I.C.O. SCORE so be real sure you want a LOWER F.I.C.O. SCORE If you contact the creditor with what is on the credit report that should be enough…if not…the CRA may help you with more information.

View our latest credit card ratings!

Author: Guest
Posted: Tue May 04, 2004 8:43 pm

If theres no annual fee why not keep it open and let history be your friend? All you have to do is charge one thing once every 2-3 months per card to keep it active and the fico gods will shower you with points each and every year their open

View our latest credit card ratings!