Credit score and report Tennessee

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 credit score and report Tennessee this point Im not sure i care that much. We own both our cars, we own our house, and we credit score and report Tennessee cant conceive of needing to use credit any time in the near future.

We pay cash for everything now, and weve got 6 months of expenses in our high yield savings account.

The credit score in my credit score and report Tennessee opinion is more important for people who plan on taking out more loans in the near future, and Im not planning on doing that. Ive canceled a couple other unused cards as well, but I wish I hadnt closed the card I did because that was my longest running line of credit. check your credit I don think it will hurt me in the long credit score and report Tennessee run though. In your situation, it probably wont credit score and report Tennessee hurt to close a card. I do recommend credit score and report Tennessee keeping at least one credit score and report Tennessee card though, for emergencies or rewards. Another option is to keep a line 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. free credit report government We never use them, but credit score and report Tennessee 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 companies and no longer need the rewards card that we were using to pay our credit score and report Tennessee insurance through. 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 credit score and report Tennessee 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 way that closing credit card credit score and report Tennessee accounts will not help my credit score. how to get a free credit report online It seemed logical that closing credit score and report Tennessee an account I dont credit score and report Tennessee use would be the responsible thing to do, but not so, as far as the credit score algorithms would have it.