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Does Closing Old Credit Cards Effect Reports?
smalandcute
Posts: 97 Forumite
I have some old credit cards that are no longer being used. If I request they are closed will it have any kind of impact for the next 6 years? They are low limit cards BTW.
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Comments
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They'll show as closed on your reports.
How a lender interprets that is down to their criteria and your profile. On a well managed file with other open accounts, it's not an issue.1 -
@morningcoffeeIV, thank you. I do have other well managed accounts so fingers crossed.
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