Shop Direct - should i close account?

mrs_w

Hi

I have an account with K&Co (balance £55) and also one with Very (balance £150).

the Very account - it has better products and can you pay 3 months interest free. the Kays one has a credit limit of £5.5k but everything is ridiculously overpriced.

They served their purpose - got me out of a few tricky spots a couple of years ago when washing machines etc blew up but no longer need them

Both balances will be cleared this month - should I close both accounts? or does it do my credit report no harm to have one open and show regular payments etc if I do order anything?

Brightspark87

Hi

I closed all of my shop direct accounts. I think that they were too much of a temptation.

Plus I had a huge credit limit (like you) with my k&co and I didnt want it to put any other creditors off (having too much available credit).

It seems as though you are aware you will not shop on your k&co account therefore perhaps keep the very (just in case) and close the k&co?