Shop Credit Account - keep open or close?

rhy2403

Hi, I have an account open with Very - I have now paid this account off completely. My question is: should I close this account or keep it open? I have no intention of using the account again.

CliveOfIndia

There's little point in keeping it open if you have no intention of using it.  Previous history will be visible to lenders for 6 years, so - assuming you always made repayments on time - your credit history will reflect the positive account management for 6 years.

Your score will almost certainly drop if you close it - but since this is merely a marketing gimmick and has no bearing whatsoever on how a lender will view you, that's of absolutely no concern.