Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Poormoney61

0 Contributions
0 People Helped
Inactive CC appears as negative item on CR?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
7 Contributions
17 People Helped
Most Helpful Response

Yes, inactivity can hurt credit score

Helpful to 2 out of 2 people

If you keep a credit card inactive for too long, the card issuer will eventually cancel the card. Hurting your credit utilization.

If you have limited credit accounts, inactivity can hurt your payment history. Limited or no payment history, leaves credit bureaus with too little information to properly calculate your credit score. 

1 Contribution
1 Person Helped

I was surprised by this, too...

Helpful to 1 out of 2 people

One of the #1 things that has helped my score rise quickly is using and then paying off my CC. I started doing this when I got a new job and traveled with work, so the reimbursements from my job were always for the full amount. This is why some people will use a card for, say, gas, and then pay it in full every month. Even just using it to buy something small once a month and then paying it off could probably help.

This is why Dave Ramsey will say to get completely off of credit cards, so that you are never dependent on your score (which will be low if you end maintenance of your credit history) to get things like house loans or whatever. It's like going off the credit card grid. So you kind of have to go one way or another -- either maintain your history, or completely abandon credit.

1 Contribution
0 People Helped

what

what happens if you completely abandon credit? like dave ramsey as you say?

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.