I currently have credit cards that appear on my credit report that are not being used or have expired. They do not have a balance owed, are these items considered bad/negative against my credit? If so, what should be done to correct the issue (i.e. close the accounts),if anything?
RE: Credit cards not used, on No, they're not considered derogatory, per se, but having too many open lines of credit could lower your credit score, thus affectly your ability to obtain the best rates on future credit products, or possibly credit at all.
RE: Credit cards not used, on It's a very good idea to close any revolving accounts (credit cards) that you don't use, especially if you're trying to rebuild your credit or get better APR's. Regards, Alex Creditinsiders.com --------------- Need Credit Help? Visit us at: http://www.Creditinsiders.com
