Closing Dormant Accounts - Does this improve credit score?

camy934

I recently looked at my credit file and I had a lot of bank accounts on there (mixture of dormant and active) accounts. I had a total of about 9 bank accounts on there with different organisations, with many of them not having any activity on them in years. I just set up accounts elsewhere and totally forgot about them and never shut them down. I'm now in the process of closing 6 of them, as I only use 3 of them as active accounts. Will this improve or decrease my credit score as it's going to show less accounts on there?

Also, will this cause any problems eg. CIFAS markers, as I've heard such horrific horror stories, due to closing down so many accounts in such a short period of time? I just don't see the point in keeping accounts on there that are not being used.

Many Thanks

18cc

I certainly wouldn't worry about any markers or anything like that just close down the ones that you don't want bearing in mind it is probably wise to keep one or two in case you want to take advantage of any switching offers in the future

closing accounts will not have any effect on your credit score