Closing £0 balance cards

4 Posts

in Credit cards
Hi everyone
I have recently had a historical bankruptcy drop off my credit report. I also have 3 credit cards with the following balances
Capital One - Credit Limit £200 Balance £0
Capital One - Credit Limit £450 Balance £0 - Recently paid off the outstanding balance of £315
Bip - Credit Limit £2,500 Balance £1,800 - Repaying slightly over the mimimum repayment at the moment.
I am looking to improve my credit score as it's currently showing on Experian as Fair.
My question is, should I close the 2 Capital One cards or leave them open ? The cards have been cut up and deleted from Apple Pay etc so they wont be getting spent on again.
I dont want to close them if it would negatively affect my credit score.
Thanks
Matthew
I have recently had a historical bankruptcy drop off my credit report. I also have 3 credit cards with the following balances

Capital One - Credit Limit £200 Balance £0
Capital One - Credit Limit £450 Balance £0 - Recently paid off the outstanding balance of £315
Bip - Credit Limit £2,500 Balance £1,800 - Repaying slightly over the mimimum repayment at the moment.
I am looking to improve my credit score as it's currently showing on Experian as Fair.
My question is, should I close the 2 Capital One cards or leave them open ? The cards have been cut up and deleted from Apple Pay etc so they wont be getting spent on again.
I dont want to close them if it would negatively affect my credit score.
Thanks
Matthew
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Replies
The Bip card is next on the list, I just received a lump sum that covered the balance in the Capital One card so thought it best to get that down to £0.
Thanks again
Matthew
Only thing lenders look at is your history & income to debt. They do not see your credit score & have no idea if it's going up or down.