Jump to content

To close or not to close!


Recommended Posts

Currently, I have the following OPEN accounts with all 3 major credit bureaus:

American Express $10,000 cl (opened 04/2005)

American Express Platinum Charge (opened 01/2005)

Bailey Banks Biddle $500 cl (opened 10/2004) CARD LOST/STOLEN but on TransUnion showing OPEN account and not lost/stolen

Bailey Banks Biddle $500 cl (opened 10/2004)

Capital One $1,031 high credit (opened 08/2003)

The following 2 Capital One accounts are closed but they are showing as OPEN trade lines on Equifax:

Capital One $605 high credit (opened 04/2002) is reporting CLOSED on EXP and TU

Capital One $302 high credit (opened 09/2004) is reporting CLOSED on EXP and TU

JCPenney $300 cl (opened 01/1994)

HSBC HHL $1,100 cl (opened 08/2003)

Providian $2,800 cl (opened 09/1995)

PenFed Credit Union Line of Credit $25,000 cl (opened last week)

PenFed Credit Union Visa $30,000 cl (opened last week)

Chase Visa cl $5,000 (opened 04/2005)

I have 99.7% of my credit available!!!



I don't need a $500 Bailey Banks Biddle Jewelry store credit card. The trade line was opened in October 2004 so it's not all that old. I don't want to overextened myself with silly tradelines.

1. Should I close the accounts?

2. Should I not close the account but notify Trans Union that one of my cards were reported as LOST because currently TU is reporting 2 open BBB tradelines?

3. Neither 1 or 2.

4. Or give me your best answer.


I had 3 Capital One accounts but then consolidated the accounts ito 1. I closed 2 accounts but Equifax is showing 3 open accounts while TransUnion and Experian are showing 1 open account.

1. Should I have Equifax update my report to show 2 of the accounts as CLOSED?

2. Should I close all of the Capital One accounts since I don't need it and since it isn't a fairly old tradeline?

3. Neither 1 or 2.

4. Or give me your best answer.


Should I close the HSBC HHL account? It is a lousy $1,100.00 credit line and was opened in August 2003. It isn't that old; it doesn't have a high credit line; and it costs $59 per year.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.