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Personal Finances / Credit Cards and Consumer Debt
|Subject: Some house cleaning questions||Date: 1/2/2013 4:57 PM|
|Author: mjw3786||Number: 306607 of 310986|
Hey y'all, i'm back for a quick update and a little advice. For those not familiar:
last post [woohoo!]
So I am now *completely* debt free. Savings less car loan balance is seriously in the black. We're saving aggressively towards a wedding and down payment and the next month will include some shifting for retirement contributions on top of what we've already been sending.
Question is about these skeleton accounts. I want to close unnecessary accounts so I don't look scary to a potential lender for a mortgage in the next 12-24 months. No rush, but also no reason to have all of these when I only use one of them.
I ran my credit report this afternoon and I have EIGHT open CC accounts. Here is the breakdown:
I am thinking I will keep AmEx [usage/rewards], Discover [age], BofA MC [age], and CU [High Limit/emergencies]. I don't anticipate the need or "urge" to use credit for any purchases I don't have savings to immediately pay off. I have a good cushion in savings for now and plan to keep building on that. What am I missing here? Any suggestions are very much welcome.
Thanks and HAPPY NEW YEAR, Fools!
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