Unused Accounts

Boggles1234

I have just checked my credit file and noticed to unused credit accounts on it.

One is Studio Cards. I bought some christmas stuff off them about 3 years ago and paid the first invoice in full. I noticed they have given me a £2k credit facility even though I doubt I will ever use thm again.

The second is Debenhams. About 5 years ago i bought some stuff there and took out a store card in order to get the discount on the goods. I paid the first statement off in full so no interest and never used the card again. The credit amount is £3K.

Am I better off ignoring these as there is nothing owing or should I close them down?

lisabell

Am giving you a bump up but cant offer any help but if you dont use them i guess they just lie dormant on your file but good question.
Lisa

oscar52

It looks like available credit on your file - you have the potential to spend £5K. If you never intend using them, it seems pointless to keep them open - close them down.

postingalwaysposting

Close them down asap. If you want to get finance in the future it may lower the amount you can get due to haveing 5k avalible. However I have been trying to close my studio cards, have been for 3 years :mad:

headoutthesand

Great minds think alike.

I called studio to close my account about 3 months ago - maybe longer - but it is still showing as active on my account.

I called them again today and was told that my request to close my account would need to be put in writing!

Back to your problem - close them down if you have no intention of using. Apart from the fact it shows you have instant access to £5k, it prevents fraud too, should someone else find your details and run up debt

postingalwaysposting

headoutthesand wrote: »

I called them again today and was told that my request to close my account would need to be put in writing!

Ten letters later, 4 of those recorded my account is still open :mad: :rotfl: