Hey, I know the general advice is don't close your old credit card accounts because it might make your credit score go down. What if you have a credit account you opened many years ago, used one time and then never again? And the thing was, I moved right after opening it, so I somehow didn't get the bill and didn't realize I still had a small balance. When they did finally contact me, I had a late fee and now that is still showing as a bad mark on my credit report. If I close the account, that still won't get it off my credit report will it? Do I just have to wait for 7 years to pass?
I'm never going to use this account again, and never really used it anyway. Can I close it, or would it be better to leave it open?
BTW, my current FICO score is 701, per my other credit card company that gives it to me for free. It used to be over 750, and I'd like to get it there again. I have no debt now except for a small credit card balance, under $800.