We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Close credit card or not?

I am just checking through my credit reports having managed to go through a few years of good finance after being a poor student and not having a very good credit history. My first credit report looks reasonably good but there are 2 credit cards where I have "1 month" late payments back in 2001/2002. Since then, everything's been on time.
The company I'm checking at the moment say the scores will stay on my file until 6 years after the account has closed, which is good news for one of the cards as I closed it a while ago and it shoudl drop off my file middle of next year. Unfortunately, the credit card which I still have and use had 1 late payment on it in 2001. Is it worth getting rid of this card so that in 6 years it will be off my account? Or is it far enough in the past that it won't really matter anyway?
Thanks!

Comments

This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.6K Banking & Borrowing
  • 254.8K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.2K Work, Benefits & Business
  • 605.8K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.