- Platinum Member
- Posts: 51
- Joined: Mon Oct 11, 2010 7:29 am
- Location: Massachusetts
I am 22 years old, work a full time job (still live at home) and just to preface my credit report:
My scores range from 724 - 742 over the three Bureaus.
I currently have my Amex (Open since August 2010), my Discover (Open since May 2008), my BoA Visa (Open since October 2010), and my Student Loan (Open since Fall 2006) - These all report to all three agencies. I also have an auto loan (Open since June 2010) and a Visa through the Credit Union (Open since June 2010) which report to Experian only.
Basically I applied for that Visa through the CU because I had limited credit at the time. It comes with no points or anything, basically it was for another line item on my credit report. Since June, I have since cleared up a collection which is no longer on my credit report and basically set my foundation for my credit report. I have about 9 hard inquiries (three of which will be gone come April 2011).
My limit on the Discover is $3,000, the Boa Visa is $10,000, the AmEx is no pre-set limit, and the Visa which I am thinking of cancelling is a $3,000 limit.
Based on that credit history (seems like a long post for a simple question) is it worth it to keep the Visa open (since it is only reporting to one Agency) or would it not matter to close it since it has only been open a few months.
Just curious on this question and also to make the details of the post worth it, does it sound like I am on the right track and have a good foundation to my credit report or are there other steps I can take.