Originally Posted by
b00gers
You seemed settled in already, do you need an optimum credit score? Keeping an account open or closing it isnt going to make or break you. I would just leave it :dunno:
---------- Post added at 09:56 PM ---------- Previous post was at 09:54 PM ----------
It is never that simple...
But part of your credit score is determined by the amount of debt you have and the amount of credit you have available to yourself. Closing that account will lower the amount of credit he has available, but increasing the ratio of debt to credit. Like I said, closing a furniture store credit line isnt going to make or break anything.
i'll need to be buying a car sooner than later. so i've been thinking about that.
i paid off everything i had in debt last week except a $1,000 visa bill and $6,000ish in student loans that i have left.
and of course... the house.
your example of amount of debt vs. available credit is good, i never thought about it like that, i really don't know anything about it.