I knew this would affect my credit, but I had no choice considering I am unemployed.
Jen, it depends on several factors, the most important of free credit check history California which are your average age of credit and your credit utilization. You will be closing a card that has been open for over 10 years, which will reduce your average age of credit, and you will also close a line of credit, which could free credit check history California affect your credit utilization (amount of credit used vs. For example, if you have $5,000 debt and have credit lines equal free credit check history California to $50,000, your credit utilization is 10%. If you close an account with a $10,000 line of credit, you now have $5,000 debt on $40,000 available credit, increasing your utilization to 12.5%. Overall, it would be impossible for me to give you a number regarding how your score will be affected, free credit check history California but if you have other lines of credit and dont have a lot of debt, the change most likely will not be substantial. If you are curious, you can check your score now, free credit check history California then again in a few months. business credit reports free I HAVE A 10,00 free credit check history California SECURED CREDIT CARD WITH BOA I HAVE HAD FOR 4YRS. I ALSO NOW HAVE A NOTHER SECURED CARD THREW WELS FAGO FOR 6,500 I HAE HAD FOR 6 MONTHS AND A UNSECURED CARD FOR 2 GRAND TREW CHASE BACK FOR 1 YEAR. ( I ALWAYS PAY OFF THE BALANCES ON ALL CARDS EARLY! AND MY DEPT TO CREDIT RATIO IS LOW, I DONT SPEND MORE THEN 1,000 A MONTH ON CREDIT CARDS.AVERAGE IS 300!!!) I ASKED BOA IF THEY COULD GRADUWATE MY SECURED CARD TO A NONSECURED CARD BUT SINCE HOW MY INCOME IS ONLY 800 A MONTH, THEY SAID NO, ALSO SAID ILL NEVER WILL GET A 10 GRAND UNSECRED CARD WITH PAY THAT LOW AND RECOMENED ON LOWERIG MY CREDIT LINE.BUT WILL NOT THAT HURT MY CREDIT SOCORE????ANY ADVICE? three credit reports James, if they didnt require you to lower your balance, then its not necessary. Just be sure you never charge more than you can pay each month. You can also try upgrading one of your secured cards from Wells Fargo or Chase. Notify me of followup comments via e-mail Previous post: Carnival of Careers #3 Next post: Declare Financial Freedom on Financial Independence Day Randomized list of recommended personal free credit check history California finance blogs Disclaimer: The content on this site is for informational and entertainment purposes only and is not professional financial advice. References to third party products, rates, and offers may change without notice. Please visit the referenced site for current information. We may receive compensation through affiliate or advertising relationships from products mentioned on this site.
However, we do not accept compensation for positive reviews; free credit check history California all reviews on this site represent the opinions of the author. Versailles' Street Team Finland Versailles Street Team Finland пїЅ2010 Create a Free Forum at Webs.com Create a Free Forum at Webs.com No Credit score Check Loans – No Collateral Needed, Almost Everyone is Authorized Thankfully, theres now free credit check history California a loan item available even for all those with bad credit within the form of no free credit check history California credit check unsecured loans. credit report credit score These loans free credit check history California are unsecured which suggests you free credit check history California dont need to place up collateral so as to obtain the loan.
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