Comments on: Does having an Express and American Eagle card affect my credit score if I do not use it? http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/ Tue, 25 Oct 2011 06:01:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Smoovy Loco http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/comment-page-1/#comment-652 Smoovy Loco Mon, 22 Dec 2008 09:58:59 +0000 http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/#comment-652 Here's the problem with what you're wanting to do. Even though you may not be using it, closing the account especially after it's established will do you more harm than good to close it by 1. decreasing the amount of available credit that you have making it look like you have more debt than available credit, 2. Shorten the average age of your accounts making it look like you've established credit more recently that you have, 3.Shorten the payment history on the accounts you have open, and 4. disrupt the mixture of revolving and installment accounts. My advice would be to start use it again, but use it lightly, even if it's like $20 a month, just enough to show activity to build credit. Credit is designed to where if you apply for it and get it, you sure better use it, and use it wisely, ir else your score will suffer.
Here’s the problem with what you’re wanting to do. Even though you may not be using it, closing the account especially after it’s established will do you more harm than good to close it by 1. decreasing the amount of available credit that you have making it look like you have more debt than available credit, 2. Shorten the average age of your accounts making it look like you’ve established credit more recently that you have, 3.Shorten the payment history on the accounts you have open, and 4. disrupt the mixture of revolving and installment accounts.

My advice would be to start use it again, but use it lightly, even if it’s like $20 a month, just enough to show activity to build credit. Credit is designed to where if you apply for it and get it, you sure better use it, and use it wisely, ir else your score will suffer.

]]> By: peacefulwaterwolf http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/comment-page-1/#comment-651 peacefulwaterwolf Sun, 21 Dec 2008 01:13:47 +0000 http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/#comment-651 yes! Yes! it will still be on your credit reporting up to 2 years. But it was in good standing so it would not effect it that much.
yes! Yes!
it will still be on your credit reporting up to 2 years.
But it was in good standing so it would not effect it that much.

]]> By: . http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/comment-page-1/#comment-650 . Fri, 19 Dec 2008 20:28:29 +0000 http://creditopics.com/creditbuzz/credit/does-having-an-express-and-american-eagle-card-affect-my-credit-score-if-i-do-not-use-it/#comment-650 Open cards help your credit score by lowering the percentage of credit in use.
Open cards help your credit score by lowering the percentage of credit in use.

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