Should I close my Very Account

Loddal

I have a Very catalogue account with a £1500 credit limit.
I've ordered stuff on account (never more than £300 with buy now pay later and as such paid no interest.
Question is there is no longer anything on the account, I managed the account well with no issues.
Would it do my credit rating good or bad if I now completely closed the account.

[Deleted User]

What credit rating? You don't have a credit rating.

It will get moved on your credit files from an open account to a closed account.

Loddal

Meant credit score

Carrot007

Loddal wrote: »

Meant credit score

Don't say that the rabbiting fools will just pick up on it more!

You do not have a universal credit score.

A general rating maybe. However without seeing/knowing the rest of your details it is hard to establish what closing one account may do to it. And then it would only be a guess.

If you have lot's of decent not catalogue credit accounts it will probably do it good.

If you have not many credit account then probably bad.

It would still be down to individual lenders what they think though.

DCFC79

Loddal wrote: »

Meant credit score

Maybe you should watch Martins latest show, he explains about credit scores etc.