Don't ask me how it happened. I probably made every mistake you can. However, my credit score is above 700.

My credit report says I have 10 accounts open(Oh yeah, now I remember that day at pier 1). If I close 1 or 2 accounts, will that raise or hurt my score. It seems my avg. account age is about 5 years.

I may just leave well enough alone, but does anyone have any thoughts?

I would close any of them you do not intend to use or PIF if used. I opened an account with Honda to buy a motorcycle, I payed it before any interest was due then closed it. I could care less what happened to my score.

Only use credit to your advantage and least as possible. My mortgage is the only credit line I pay interest on, the rest I use for convienence and PIF for rewards. Manage your money well and don't worry about your fico.

Hello
I think you have to call specialist credit report beau re I am sure they will help you.

thanks

Get business credit...use the money you get from the business to build your personal credit. You can get business credit without using your credit score or SS# PM Me.

Having accounts open and in credit (even with a 0 balance) looks good on your report. It demonstrates to lenders that you are sensible with your money. Generally, leaving them open will do you no harm, it will do more good.

However, having a lot of open accounts can negatively impact sometimes because although you do not owe money in these accounts, the credit available to you is still considered. For example, if I had a flexible loan with a zero balance and an available credit of £10,000, my credit score would reflect the credit available to me, not actually the amount I owe. Obviously owing $10,000 is worse that having $10,000 available, but it still makes a difference.

Ten accounts seems to be a fair few, getting rid of one or two of them may improve your score so it is probably worth a go.

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Wow 10 account? That seems like a lot but maybe I'm just crazy. Either way I'd be happy if I were you. You don't need to raise it anymore really just keep it good.

id die to be you except the monthly payment part

Closing any accounts will negatively effect your score. It will only be temporary but hard to make back up. Never close your longest credit history, i.e. your first credit card. This will make a really big negitive impact on your credit score. You generally do not have to worry about having to much credit available unless you are able to buy a house or something, but then I think that would be the least of your worries. I would be really selective on applying for new credit and save it for things you really need, like say a house. If your above 700 I would say your doing really well. You might want to use a good credit card, like one that offers cash back, and use it for your monthly expenses. Be sure to pay it off every month to avoid interest. This will help boost your credit a little and allow you to take full advantage of cash back. My favorite is AMEX Blue. Also, bust out your old cards now and then to buy something small just to keep it active.

I am from the UK so things may be a little different, but with experience I have found having more than one bank account helps your credit rating. But they are just sitting there doing nothing then that does not look pleasing. Also by having credit cards you can improve your credit rating if you can pay the credit back in due time.