Close a store card, the FICO score goes up 10 pts…
March 20, 2008
Filed under PF, money
Tags: credit, credit cards, FICO score, money, PF, shopping
So, I recently closed some store cards which I stupidly opened in my college days, to save that big deal 10%. Best Buy (actually this was my second credit card ever, when I was 18), Target, and Target Visa were long since closed due to inactivity. I closed my Kohl’s card. Good riddance. And my FICO score shot up 10 pts from last month, kinda like Lifehacker said it might. Not bad, eh? So today I remembered I had opened an Express card as well. That one was still open, though it had only been used once in 2005. I shut that sucka DOWN, and it feels good. Wondering if I have more of these out there somewhere…
Good Blog. I will continue reading it in the future. Nice layout too.
Aaron Wakling
[...] reginamicia wrote an interesting post today onHere’s a quick excerptSo, I recently closed some store cards which I stupidly opened in my college days, to save that big deal 10%. Best Buy (actually this was my second credit card ever, when I was 18), Target, and Target Visa were long since closed due to inactivity. I closed my Kohl’s card. Good riddance. And my FICO score shot up 10 pts from last month. Not bad, eh? So today I remembered I had opened an Express card as well. That one was still open, though it had only been used once in 2005. I shut that sucka DOWN, and it feels good. Wondering if I have more of these out there somewhere… [...]
[...] [Technorati] Tag results for credit wrote an interesting post today onHere’s a quick excerpt So, I recently closed some store cards which I stupidly opened in my college days, to save that big deal 10%. Best Buy (actually this was my second credit card ever, when I was 18), Target, and Target Visa were long since closed due to inactivity. I closed my Kohl’s card. Good riddance. And my FICO score shot up 10 pts from last month. Not bad, eh? So today I remembered I had opened an Express card as well. That one was still open, though it had only been used once in 2005. I shut that sucka D [...]
[...] Close a store card, the FICO score goes up 10 pts… So, I recently closed some store cards which I stupidly opened in my college days, to save that big deal 10%. Best Buy (actually this was my second credit card ever, when I was 18), Target, and Target Visa were long since closed due to inactivity. I closed my Kohl’s card. Good riddance. And my FICO score shot up 10 pts from last month. Not bad, eh? So today I remembered I had opened an Express card as well. That one was still open, though it had only been used once in 2005. I shut that sucka DOWN, and it feels good. Wondering if I have more of these out there somewhere… [...]
[...] responses So if you recall, back in February, I closed all my store cards, and by March my FICO score was up 10 points. That post has gotten a lot of comments, most of which I have filtered out because they contain [...]