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    • brunettebimbo
    • By brunettebimbo 5th Feb 18, 1:08 PM
    • 22Posts
    • 14Thanks
    brunettebimbo
    Argos Store Card - Should I close it?
    • #1
    • 5th Feb 18, 1:08 PM
    Argos Store Card - Should I close it? 5th Feb 18 at 1:08 PM
    Hiya,

    Iím wondering whether to close my Argos account or not? Iíve help the account for about 12 years and have always used it responsibly. I havenít used it for about 2 years.

    I am hoping in the future to be able to get a mortgage so I am trying to get my credit file the best I can. Iíve read in certain places that closing old accounts etc is a good thing to do but also read keeping long standing accounts with good history open so Iím a little confused as to what to do!

    I currently only have an interest free credit card with just over 1k on it that I am paying bit by bit each month. Iíve already paid off 2 large loans.

    Please can someone point me in the right direction as to whether to close it or not?

    Thanks in advance.
Page 1
    • zx81
    • By zx81 5th Feb 18, 1:12 PM
    • 15,499 Posts
    • 16,440 Thanks
    zx81
    • #2
    • 5th Feb 18, 1:12 PM
    • #2
    • 5th Feb 18, 1:12 PM
    Although it's not the most useful account, at least it demonstrates you can get some credit beyond your sole credit card.

    I'd be looking to open up another credit card or two to get some backup, making sure you use them at least occasionally and then perhaps close the Argos account.
    • Candyapple
    • By Candyapple 5th Feb 18, 1:30 PM
    • 2,652 Posts
    • 1,991 Thanks
    Candyapple
    • #3
    • 5th Feb 18, 1:30 PM
    • #3
    • 5th Feb 18, 1:30 PM
    Keep the Argos account for now - it means that your average account history age will be longer which is a good thing. After you get your mortgage if you've no use for it - close it.

    In the meantime make sure your bank account(s), mobile phone, being on the electoral roll etc are all showing on your files across all 3 credit reference agencies.

    The free versions to check your credit files are below:
    Experian: www.moneysavingexpert.com/creditclub
    Equifax: www.clearscore.com
    Call Credit: www.noddle.co.uk
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • brunettebimbo
    • By brunettebimbo 5th Feb 18, 1:49 PM
    • 22 Posts
    • 14 Thanks
    brunettebimbo
    • #4
    • 5th Feb 18, 1:49 PM
    • #4
    • 5th Feb 18, 1:49 PM
    Keep the Argos account for now - it means that your average account history age will be longer which is a good thing. After you get your mortgage if you've no use for it - close it.

    In the meantime make sure your bank account(s), mobile phone, being on the electoral roll etc are all showing on your files across all 3 credit reference agencies.

    The free versions to check your credit files are below:
    Experian: www.moneysavingexpert.com/creditclub
    Equifax: www.clearscore.com
    Call Credit: www.noddle.co.uk
    Originally posted by Candyapple
    Fantastic. Thank you!

    Iíve been regularly checking my accounts and they are all correct. I did have the odd thing that wasnít right which have been removed. Iíve also been financially disassociated from my soon to be ex husband too.
    • Candyapple
    • By Candyapple 5th Feb 18, 2:11 PM
    • 2,652 Posts
    • 1,991 Thanks
    Candyapple
    • #5
    • 5th Feb 18, 2:11 PM
    • #5
    • 5th Feb 18, 2:11 PM
    It seems like you are on the right path then. Good luck for when you do eventually apply for your mortgage
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
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