I have accounts that the CRA said, I can either close by consumer, or leave as is. One reads: credit limit or original amount/high balance $4,000 recent balance/ recent payment $0/paid as of 7-1997 status Inactive never late the other: credit limit orig. amount high balance NA/NA recent balance/recent payment $0/ paid as of 6-1997 status Inactive never late the 3rd. credit limit or orig. amount high balance 2,300 recent balance 8-1996 status Inactive never late. Should I close these, and the CRA will report, closed by consumer, or leave as is? I need to elevate my score. Will this help or hurt? Whats the best thing to do? thank you
i think since its "inactive" its in a closed like state. if so then closing them shouldnt do anything. i dont know about the "inactive" account remark though. even if you close them, they will still give you the same amount of credit history.
I have an account that has been inactive for the past 10 years. It does help your score for 2 reasons.... 1 - age of credit... 2 - bal to limit ratio Keep it there.
