Just to add a little note to the second letter...when writing to the cc company and asking for written confirmation that it has been closed...verify with them that it will be reported to the credit bureaus that the acct was closed at the request of the cc holder not the company
Is that what determines if your credit rating goes down when you close an account? The fact that it was done by the holder’s request? If you do that, should you only do it if you have available credit on other accounts so that it doesn’t look like you are maxed out on all your open accounts? My daughter is in the process of paying off her debt and is debating about closing the accounts as she pays them off. My advise to her has been to not close them because her credit is ok, but not excellent. I didn’t want her score to go down because it appears that all her available is credit is maxed.