Report free credit Phoenix

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Then please consider leaving a comment below, subscribing to our RSS feed, or signing up for our FREE newsletter. 29 comments read them below or add one Ive got a good credit score, and ive only got two open credit report free credit Phoenix cards. Granted, theyve both been open for probably 6-10 years. I was thinking about canceling one of them, and probably will. At this point for me I cant even think of a good reason to keep it open.

It may hurt my credit score a little bit, but at this point Im not sure report free credit Phoenix i care that much. We own both our cars, we own our house, and we cant conceive of needing to use credit any time in the report free credit Phoenix near future. We pay cash for everything now, and weve got 6 months of report free credit Phoenix expenses in our high yield savings account. The credit score in my opinion is more important for people who plan on taking out more loans in report free credit Phoenix the near future, and Im not planning on doing that.

Ive canceled a couple other unused cards as well, but I report free credit Phoenix wish I hadnt closed the card report free credit Phoenix I did because that was my longest running line of credit. how to check your credit I don think it will hurt me in the long run though. In your situation, it probably wont hurt to close a card. I do recommend keeping at least one card though, for emergencies or rewards. Another option is to keep a line report free credit Phoenix open instead of closing it, but have the limit reduced to the lowest possible. Either way, with no outstanding debt and a clean history, your credit score is probably very good. I havent canceled my longest standing (or my wifes longest standing) credit cards for just that reason.

We never use them, but they give our credits a nice long history.

I am in the process of canceling some unnecessary cards that weve only had for 4 or 5 years, though. For example, we switched our insurance report free credit Phoenix companies and no longer need the rewards card that we were using to report free credit Phoenix pay our insurance through. credit report rights To illustrate the point we ran a correlation of credit scores by the age of our users and you can clearly see that younger people have lower scores on average. The result support that the age of your credit lines is an important factor is credit scores. Take a look: http://blog.creditkarma.com/credit-scores/relationship-between-age-and-credit-scores/ Great post! Like you, I too discovered the hard report free credit Phoenix way that closing credit card accounts will report free credit Phoenix not help my credit score. It seemed logical that closing an account I dont use would be the responsible thing report free credit Phoenix to do, but not so, as far as the credit score algorithms would have it. Another reason that closing cards can be a bad idea is that youre lowering the amount of credit available to you (total of your credit report free credit Phoenix limits) and depending on the amount of debt you continue to carry, this can look like youre overextending yourself.

It can be a bit confusing, but it has to do the amounts owed portion of your score, which accounts for roughly 30%. I just wrote a blog entry about this if youre looking report free credit Phoenix for more info: http://tinyurl.com/4p6slg Hey report free credit Phoenix Ryan I cant second this enough. credit 3

The report free credit Phoenix only thing that she is consistently dinged on is length of credit history and she has 5 years of it.

Considering she is 25, thats not that short a history, but short enough to where closing any of her long running accounts could absolutely hurt her credit report free credit Phoenix badly. You might need to check not only your credit score, but your report free credit Phoenix credit report as well. I applied for a credit card once, never got report free credit Phoenix it ( someone might have checked my mail for me, if you know what I am saying), then called the company and thought I had cancelled it. I checked my credit report one year later and I did see the credit card.