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I have 10 credit cards open, is it better to have open credit card accounts with no balance or to close them?

My credit score is a 690 and I want it higher. If I close some of my credit card accounts will it go up or does it show negatively when you close accounts?

I happen to disagree with many of the above comments. Scores of 620-650 are considered average, scores above 650 are considered high scores.

The biggest contributors to your score are: Paying on time, Account balances compared to max credit available, Credit length, and type of credit. The rough percentages are below:

Payment History 35% of your score
Outstanding Balances 30% of your score
Lenght of Credit History 15% of your score
Type of credit 10% of your score
Inquiries 10% of your score

Usually the number of open accounts does not have an major impact on your credit. I have actually seen the opposite occur that when you start closing accounts your credit actually drops due to various things such as now you account balances start to get to close to your max available credit, etc.

Pay your bills ALWAYS on time. Pay credit cards down or close to zero every month.

Make sure your balances relative to your max credit is low, somewhere in the 10-20%. IE if you have a $5,000 limit do not put more then $1000 on the card in a month, and be sure you have funds to pay that down to almost zero when the bill comes.

Lenght of credit... If you find it necessary to close any accounts DO NOT CLOSE the ones you have had forever. Keep those ones open. Close recently opened credit IF YOU MUST. The longer you have an account in good standing open the better. A good length to have a card open is 15 years. You will be doing good if once you hit that mark.

Type of credit... make sure you have a variety of cards, such as gas cards, department store cards, bank issued visa and mastercards, etc.

If you have a lot of recent inquiries it can lower you credit score as it makes you look desperate for credit. Try to make sure to not open new accounts within a year or so of eachother.

I have suggestions to help you increase your credit score... Do you own a home? If not a mortgage will help to increase your credit score... Open auto loan...? A paid of or open auto loan will increase your credit score... Pretty much and LONG TERM and Large amount loans will have a great impact on your credit score.... If you can show that you have made a 2K house payment for the past 10 years.... You have shown your ability to pay, which will be reflected by your credit score.

Do a voluntary inquiry into your credit. This does not have a negative effect on your score... You can get it free from www.annualcreditreport.com or you can pay www.myfico.com or other similar site to get your credit score and view your credit report. Be sure that all the information on your credit report is valid and dispute anything you see as odd.

Get your credit score from all 3 credit bureaus... Equifax, Transunion, and Experian. Each one scores you differently... You can have a large range of credit scores between the 3... Say for example 720 with transunion, 690 with Equifax, and 708 with Experian. So it is worth it to see the overall picture. Please note that when you request your credit report from the bureaus you often do not get your FICO score. You may have to use www.myfico.com to get those.

My hand hurts from typing :) so if you need more help or advise please let me know or email me. I would be glad to help you in anyway that I can.

Hope I was of some help.

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Micro Trains MTL N Scale 89ft Open Auto Rack Pennsylvania Railroad PRR 901494
Micro Trains MTL N Scale 89ft Open Auto Rack Pennsylvania Railroad PRR 901494
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1120302 Micro Trains MTL Pennsylvania RR 89 Tri Level Open Auto Rack NIB
1120302 Micro Trains MTL Pennsylvania RR 89 Tri Level Open Auto Rack NIB
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112010 Micro Trains MTL Southern 89 Tri Level Open Auto Rack NIB
112010 Micro Trains MTL Southern 89 Tri Level Open Auto Rack NIB
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112020 Micro Trains MTL Canadian National 89 Tri Level Open Auto Rack NIB
112020 Micro Trains MTL Canadian National 89 Tri Level Open Auto Rack NIB
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N SCALE GAUGE MICRO TRAINS 89 TRI LEVEL OPEN AUTO RACK PENNSYLVANIA MIB
N SCALE GAUGE MICRO TRAINS 89 TRI LEVEL OPEN AUTO RACK PENNSYLVANIA MIB
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N Scale Vehicles by Various manufacturers open pack Autos Trucks and People
N Scale Vehicles by Various manufacturers open pack Autos Trucks and People
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N scale Micro Trains MTL 89 TRI LEVEL OPEN AUTO RACK PRR
N scale Micro Trains MTL 89 TRI LEVEL OPEN AUTO RACK PRR
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MT ATSF 89 Tri level open auto rack Rd 89363
MT ATSF 89 Tri level open auto rack Rd 89363
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Micro Trains MTL N Scale 89ft Bi Level Open Auto Rack Frisco SLSF 930924
Micro Trains MTL N Scale 89ft Bi Level Open Auto Rack Frisco SLSF 930924
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Micro Trains MTL N Scale 89ft Bi Level Open Auto Rack Cotton Belt 84577
Micro Trains MTL N Scale 89ft Bi Level Open Auto Rack Cotton Belt 84577
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N Micro Trains MTL Pennsylvania RR 89 Tri Level Open Auto Rack NIB 1120301
N Micro Trains MTL Pennsylvania RR 89 Tri Level Open Auto Rack NIB 1120301
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Micro Train N Scale 89 Tri Level Open Auto Rack Erie Lackawanna 112 00 040
Micro Train N Scale 89 Tri Level Open Auto Rack Erie Lackawanna 112 00 040
$30.95
N SCALE LOT OF 10  89 TRI LEVEL OPEN AUTO RACKS  BY MICRO TRAINS
N SCALE LOT OF 10 89 TRI LEVEL OPEN AUTO RACKS BY MICRO TRAINS
$199.99
N Scale MicroTrains 89 foot Bi Level Open Auto Rack Penn Central
N Scale MicroTrains 89 foot Bi Level Open Auto Rack Penn Central
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Micro Trains 112 00 071 Union Pacific 89 Tri Level Open Auto Rack 54053
Micro Trains 112 00 071 Union Pacific 89 Tri Level Open Auto Rack 54053
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N Scale 89 Bi Level Open Auto Rack Baltimore  Ohio 963017 MTL 112510
N Scale 89 Bi Level Open Auto Rack Baltimore Ohio 963017 MTL 112510
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Micro Trains 1120302 89 Tri Level Open Auto Rack Pennsylvania Railroad NEW
Micro Trains 1120302 89 Tri Level Open Auto Rack Pennsylvania Railroad NEW
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N EZ AUTO REVERSING SYSTEM   BAC44847 NIB NEVER OPENED
N EZ AUTO REVERSING SYSTEM BAC44847 NIB NEVER OPENED
$140.39
N EZ AUTO REVERSING 1125 CURVD 6   BAC44849 NIB NEVER OPENED
N EZ AUTO REVERSING 1125 CURVD 6 BAC44849 NIB NEVER OPENED
$33.78
Micro Trains 112 00 071 Union Pacific 89 Tri Level Open Auto Rack 54053
Micro Trains 112 00 071 Union Pacific 89 Tri Level Open Auto Rack 54053
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Micro Trains 12010 N scale 89 Tri Level Open Auto Rack Southern 962096
Micro Trains 12010 N scale 89 Tri Level Open Auto Rack Southern 962096
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N scale Micro Trains Southern 89 Tri Level Open Auto Rack RD TTRX 962096
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MICRO TRAINS 112 020 Canadian National 89 Tri Level Open Auto Rack New In Box
MICRO TRAINS 112 020 Canadian National 89 Tri Level Open Auto Rack New In Box
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MICRO TRAINS 112 010 Southern 89 Tri Level Open Auto Rack New In Box
MICRO TRAINS 112 010 Southern 89 Tri Level Open Auto Rack New In Box
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MICRO TRAINS 1120301 Pennsylvania PRR 89 Tri Level Open Auto Rack New In Box
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MICRO TRAINS 112 00 160 Frisco 89 Tri Level Open Auto Rack New In Box
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MICRO TRAINS 112 00 040 Erie Lackawanna 89 Tri Level Open Auto Rack New In Box
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MTL Micro Trains N 901493 Pennsylvania 89 Tri Level Open Auto Rack 1120302
MTL Micro Trains N 901493 Pennsylvania 89 Tri Level Open Auto Rack 1120302
$34.00
Micro trains  11200540 89 Bi Level Open Auto Rack FRISCO TBBX  930924 N MIB
Micro trains 11200540 89 Bi Level Open Auto Rack FRISCO TBBX 930924 N MIB
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Micro trains  11200550 89 Bi Level Open Auto Rack Cotton Belt SSW 84577 N MIB
Micro trains 11200550 89 Bi Level Open Auto Rack Cotton Belt SSW 84577 N MIB
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LOT OF 2 MICRO TRAINS  N SCALE 89 TRI LEVEL OPEN AUTO RACKS PRR
LOT OF 2 MICRO TRAINS N SCALE 89 TRI LEVEL OPEN AUTO RACKS PRR
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Micro Trains Line 112010 Rd 962096 89 Tri level Open Auto Rack Southern
Micro Trains Line 112010 Rd 962096 89 Tri level Open Auto Rack Southern
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Micro Trains Line 1120302 Rd 901493 89 Tri Level Open Auto Rack Pennsylvania
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Micro trains N Scale 1120301 Pennsylvania RR Tri Level Open Auto Rack 901496
Micro trains N Scale 1120301 Pennsylvania RR Tri Level Open Auto Rack 901496
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