Will closing an unused bank account improve my score?

4 Posts

Hi all,
I have noticed on my Credit Karma report it says the fact I have opened 3 new accounts (2 Bank accounts, 1 Credit card) in the past 6 months is having a high impact on my credit score although there are no hard credit searches on this report for any of the accounts, which I find strange. My question is if I close one of the bank accounts, which I don't use that often anyway, will it improve my score/report as then I only have 2 open accounts that were opened in the last 6 months.
Thanks.
I have noticed on my Credit Karma report it says the fact I have opened 3 new accounts (2 Bank accounts, 1 Credit card) in the past 6 months is having a high impact on my credit score although there are no hard credit searches on this report for any of the accounts, which I find strange. My question is if I close one of the bank accounts, which I don't use that often anyway, will it improve my score/report as then I only have 2 open accounts that were opened in the last 6 months.
Thanks.
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Having applied for multiple new accounts in a short time will be a red flag for some but closing any of them doesn't then improve the situation... just need time to show your situation restabilises and you aren't desperate
I'm with Virgin (formerly Clydesdale) and the mobile banking app has been unavailable all day.
I'm not particularly affected, I just wanted to double check that a new DD I set up, has gone out OK today.
However, people on Twitter are commenting that they can't pay bills etc as a result.
At times like this, a separate bank account would be advantageous, if you need access to funds/bill payment etc.
I've heard some of the fintech banks don't or didn't but that's a very small part of the market.