Old store / credit cards

Robinhood

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If cards have been unused for a number of years, is there any need to terminate the contract or can the card just be destroyed? Similar question, if a bank account has been sat dormant for a few years does it need to be closed?

Thanks in advance for any replies.

Innocent_Guy

Robinhood wrote: »

If cards have been unused for a number of years, is there any need to terminate the contract or can the card just be destroyed? Similar question, if a bank account has been sat dormant for a few years does it need to be closed?

Thanks in advance for any replies.

All account require you to close them..... You will offically be liable for any debt accrued unless you terminate your contract with the lenders

debtdestroyer007

bank account - leave it open.
store card/credit card- i would close them as that reduces your total debt, plus not using active credit could mean you r not going to be profitable to some lenders as a new customer.

and remember, once an account is closed, you can always open a new account and get the best offers mate