Credit rating

Options
jcjazzy
jcjazzy Posts: 20 Forumite
in Credit file & ratings
Hello all
Haven't posted for a while so please be gentle. We are hoping to pay off one of our credit cards soon. Is it best to pay it off and then close the account or to pay it off and leave account open (without using it) demonstrating you can be more responsible?
Thankyou

Comments

  • DCFC79
    DCFC79 Posts: 40,598 Forumite
    Name Dropper First Anniversary First Post
    Options
    jcjazzy wrote: »
    Hello all
    Haven't posted for a while so please be gentle. We are hoping to pay off one of our credit cards soon. Is it best to pay it off and then close the account or to pay it off and leave account open (without using it) demonstrating you can be more responsible?
    Thankyou

    Whats the question regarding the title of the thread ?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    jcjazzy wrote: »
    Is it best to pay it off and then close the account or to pay it off and leave account open (without using it) demonstrating you can be more responsible?

    Neither. Keep it and use it, unless you need to reduce your limits.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.5K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.7K Work, Benefits & Business
  • 608.7K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards