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Posted in Paying Your Bills
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Question By
reb56

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Should I close a paid account ?
A Wells Fargo account used for furniture will be paid in full in the next thirty days. I will not be buying any new furniture within the next 6-9 months. Is it better to leave this account open for future use; or close it and open new account if need be when I am ready for to use it ? Which is better
for my credit score ? Thanks for any help .

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NO! NO! NO!

.Sounds like you have not read the articles here or you wouldn't have asked that question.  Never do anything to lower your credit score and closing the account will remove that credit limit from your total.  Instead of closing the account, just keep the card locked in a safe place. Eventually, it may be closed for inactivity, but that won't hurt as much as if you closed it.

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For your credit, it is best to leave the account open.

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