Is A Good Credit Score Worth It’s Cost?

Everyone who uses credit has old accounts that we no longer use, or hardly ever use. Is it a good idea to close them to clean up our credit report? Maybe; or maybe not. Old accounts that stay open whether they are used or not tend to be revolving forms of credit, like a credit card or line of credit. Loans that are paid down to zero and can’t be used again drop off a credit report after six to seven years.