Financial Channel

I have accounts that the CRA said, I can either close by consumer, or leave as is.

One reads:

credit limit or original amount/high balance
$4,000

recent balance/ recent payment
$0/paid as of 7-1997

status
Inactive never late



the other:

credit limit orig. amount high balance
NA/NA

recent balance/recent payment
$0/ paid as of 6-1997

status
Inactive never late

the 3rd.


credit limit or orig. amount high balance
2,300

recent balance 8-1996

status
Inactive never late.

Should I close these, and the CRA will report, closed by consumer, or leave as is? I need to elevate my score. Will this help or hurt? Whats the best thing to do?

thank you

i think since its "inactive" its in a closed like state. if so then closing them shouldnt do anything. i dont know about the "inactive" account remark though. even if you close them, they will still give you the same amount of credit history.

I have an account that has been inactive for the past 10 years. It does help your score for 2 reasons.... 1 - age of credit... 2 - bal to limit ratio

Keep it there.

Is it easy to reactivate an inactive card if you were in good standing with the company?