This card was about 12 years old, which is a very good age to keep on your credit. Well, it turns out credit card companies dont like to lose customers, so they transferred us to a CSR intent on keeping us as customers.
In the end, we kept the card open and had it switched to the Discover® More® credit agencies Panama City Card which offers great rewards benefits. The Discover Card rep offered to lower credit agencies Panama City the credit limit to $1,000, which is the minimum line of credit you can have. This helped lower her available credit limit and should help improve her credit score. The last time I checked was a couple years ago when I bought my car. My wife hasnt checked hers in about the same amount of time, when she got a mortgage. One of the reasons Ive written about credit scores so often lately is because I knew I needed to check ours, and I was interested in learning about it. Related Articles:
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He is a writer, small business owner, entrepreneur, and professional in the corporate world. He served over 6 years in the USAF and also credit agencies Panama City writes about military money topics at The Military Wallet.
Free updates! Do you like what you're credit agencies Panama City reading? Then please consider leaving a comment below, subscribing to our RSS feed, or signing up for our FREE newsletter. 29 comments read them below or add one Ive got a good credit score, and ive only got two open credit cards. Granted, theyve both been open for probably 6-10 years. I was credit agencies Panama City thinking about canceling one of them, and probably will. At this point for me I cant even think of a good reason to keep it credit agencies Panama City open. best site for free credit report It may hurt my credit score a little bit, but at this point Im not sure i care that much. We own both our cars, we own our house, and we cant conceive of needing to use credit any time in the near future. We pay cash for everything now, and weve got 6 months of expenses in our credit agencies Panama City high yield savings account.
The credit score in my opinion is more important for people who plan on taking credit agencies Panama City out more loans in the near future, and Im not planning on doing that.
Ive canceled a couple other unused cards as well, but I wish I hadnt closed the card I did because that was my longest running line of credit. I don think it will hurt me in the long run though. In your situation, it probably wont hurt to close a card. I do recommend keeping at least one card though, for emergencies or rewards. Another option is to keep a line open instead of closing it, but credit agencies Panama City have the limit reduced to the lowest possible. Either way, with no outstanding debt and a clean history, your credit score is probably very good. I havent canceled my longest standing (or my wifes longest standing) credit cards for just that reason. fair credit report act
We never use them, but they give our credits a nice long history. I am in the process of canceling some unnecessary cards that weve only had for 4 or 5 years, though. For example, we switched our insurance companies and no longer need the rewards card that we credit agencies Panama City were using to pay our insurance through.
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