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Effect of closing credit accounts on credit file

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  • It depends. What else is on your file?

    Catalogue accounts aren't generally the most useful forms of credit.
  • djadry
    djadry Posts: 5 Forumite
    edited 19 January 2017 at 11:02AM
    Thank you for the reply, I have Next, Very, Isme and Argos. out of them all I use Argos the most but pay it in full before the interest free period ends. Also have 3 credit cards one of which is a Vanquis card but I've held it for years.
  • If you're using the cards regularly and clearing full each month, I would dump the catalogue accounts.
  • Thanks for the advice, I will proceed to close down each account. Thanks again :beer:
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