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Should I close my accounts?

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Got myself into a bit of bother when I was younger and stupidly took out a lot of credit cards and catalogue accounts.
I've since sorted myself out and finally paid off the last one today. Its taken me a long time!
Should I close the accounts I'm unlikely to ever use again? I have a mixture of cards, some are low limits and high interest (which I'll never use again) and some are higher limits with much better interest (which I'd like to keep).
Although I had a lot of credit, I never missed a payment and have steadily watched my credit rating get better over the years, and I'm now worried closing off my accounts may negatively impact this, but at the same time I don't know whether having a lot of empty accounts is also viewed negatively. What's the general consensus on this these days?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It depends on what you have, what you need and what you earn.

    You certainly want to have a number of credit cards, with appropriate limits. Keep a mix that offers various benefits.
  • Craig1981
    Craig1981 Posts: 769 Forumite
    Third Anniversary
    future lenders will like to see a long standing history on accounts, so keep oldest CC open and use them for your usual monthly shopping, paying off in full each month

    IMO, close the catalogues - interest is usually higher than credit cards
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