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Closing recently opened accounts

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A4445
A4445 Posts: 1,103 Forumite
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?

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you don't need them, close them.
  • A4445
    A4445 Posts: 1,103 Forumite
    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
    Doctor_Duke Posts: 303 Forumite
    It's a negative having newly opened accounts. Less of an impact if they are settled.
  • A4445
    A4445 Posts: 1,103 Forumite
    edited 14 May 2017 at 6:58PM
    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.
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