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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I close dormant Credit Cards?
Comments
-
Are you aiming to get new credit in the next 6m, 12m, longer? If you are would it just be for the offers of free tickets or because you need spending power or to finance something.
If you are not applying for anything, then it does not matter either way. Not really much difference between closing accounts and having dormant cards with zero balances as far as the fictional score goes.
As stated above different creditors view the cards differently. If you are applying for major finance like a mortgage, then the cards and the potential to run up debt can be a factor.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards