Fireup2020
Thinks s/he gets paid by the post
- Joined
- Feb 5, 2007
- Messages
- 1,250
I have searched for similar threads (found them, but those OP's situations were a bit different)
My FICO score is FINALLY in the low 700's - quite a haul from several years ago in the 500's
I have 2 Capital One accounts that do nothing for me (I think?) and I wonder whether I should close them. (zero balances of course )
(I rotate my cc's for FF miles - as soon as I accumulate enough miles between purchases and travel for 2 RT tix, I move on to other one- there are 3 - American Airlines, United, Continental) All bills except rent/util are payed via CC's - we are going to NOLA in Oct, so Continental just paid off! WooHoo!
Cap 1 does not report the "Avail credit"- so should not affect that facet of the score calculation, but one of them is one of my older cards....
I do understand that length of time is factored in along with total avail credit, timliness, and quantity of accounts. I will be purchasing a car in the next 12-18 mos, so my score is rather important to me (I'd love to pay cash, but will have to settle for a nominal or 0% loan)
Thank you.
My FICO score is FINALLY in the low 700's - quite a haul from several years ago in the 500's
I have 2 Capital One accounts that do nothing for me (I think?) and I wonder whether I should close them. (zero balances of course )
(I rotate my cc's for FF miles - as soon as I accumulate enough miles between purchases and travel for 2 RT tix, I move on to other one- there are 3 - American Airlines, United, Continental) All bills except rent/util are payed via CC's - we are going to NOLA in Oct, so Continental just paid off! WooHoo!
Cap 1 does not report the "Avail credit"- so should not affect that facet of the score calculation, but one of them is one of my older cards....
I do understand that length of time is factored in along with total avail credit, timliness, and quantity of accounts. I will be purchasing a car in the next 12-18 mos, so my score is rather important to me (I'd love to pay cash, but will have to settle for a nominal or 0% loan)
Thank you.