Closing recently opened accounts

A4445

I opened 2 accounts recently and I wish I hadn't. I've got to much avalible credit. If I close them now will this have a negative effect on my credit file or is it just best too leave them open and close at a later point?

[Deleted User]

If you don't need them, close them.

A4445

Deleted_User wrote: »

If you don't need them, close them.

I'm just wondering if that would have a negative effect?

Maybe it's more negative having too much available credit!

Doctor_Duke

It's a negative having newly opened accounts. Less of an impact if they are settled.

A4445

Malcnascar wrote: »

Do you plan applying for any lending products in the next 3 to 6 months. I would close them off, the negative impact has already taken place.

I've no plans to apply for anything else in the next 6 months. I currently only owe £300 and that's on 0% I will have that paid off by the end of June. I've no other debts.

I may want a 0% offer around xmas time to spread the cost of a holiday, but I may not need to apply for new card I get offers from Barclaycard and nationwide all the time.

I currently have about £55k available credit split across credit cards and mail order accounts. It's clearly excessive and not needed.