Check credit rating free Madison

We pay cash for everything now, and weve got 6 months of expenses in our high yield savings account. The credit score in my opinion is more important for people who plan on taking out more loans in the near future, and Im not planning check credit rating free Madison on doing that. Ive canceled a couple other unused check credit rating free Madison cards as well, but I wish I hadnt closed the card I did because that was my check credit rating free Madison longest running line of credit. I don think it will hurt me in the long run though. In your situation, it probably wont hurt to close a card. I do recommend keeping at least one card though, for emergencies or rewards. free credit reports instantly Another option is to keep a line open instead of closing it, but have the limit reduced to the lowest possible. Either way, with no outstanding debt and a clean history, your credit score is probably very good. I havent canceled my longest standing (or my wifes longest standing) credit cards check credit rating free Madison for just that reason. We never use check credit rating free Madison them, but they give our credits a nice long check credit rating free Madison history. online credit score I am in the process of canceling some unnecessary cards that weve only had for 4 or 5 years, though. For example, we switched our insurance companies and no longer need the check credit rating free Madison rewards card that we were using to pay our insurance through. To illustrate the point we ran a correlation of credit scores by the age of our users and you can clearly see that younger people have lower scores on average. The result support that the age of your credit lines is an check credit rating free Madison important factor is credit scores. Take a look: http://blog.creditkarma.com/credit-scores/relationship-between-age-and-credit-scores/ Great post! free credit scores Like you, I too discovered the check credit rating free Madison hard way that closing credit card accounts will not help my credit score. It seemed logical that closing an account I dont use check credit rating free Madison would be the responsible thing to do, but not so, as far as the credit score algorithms would have it.