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
Vamp2518

0 Contributions
0 People Helped
Should I cancel this one credit account?
I have a credit card account for Firestone, the auto repair shop. It is almost paid off and I am wondering if I should close the account once it is paid off. I have several other credit accounts so I'm wondering how badly it would hurt my credit to close this one account. I have credit in the low 700's right now. I only used this Firestone card one time to pay for some needed repairs to my car. I have moved since then and found a much more reliable and reasonably priced auto shop. I have no desire to ever use Firestone again so I do not see the point in keeping the card once it's paid off. However, I am only 26 years old and am trying to build my credit. Is it worth it for me to keep this card even though I will most likely never use it again?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
11254 Contributions
4437 People Helped

Only if you want your score to drop, as you would have learned had you taken some time to read the articles here to learn how credit works and how to build your score.

Result 1-1 of 1Results 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.