“Proper” way to close an account?

Now that MBNA is no more, what is the best way to close the account? By snail mail letter? By phone call? By both?

Does it look better if I close the now paid off account? Or leave it open and as there is no card just letting it go?

Deciding against trying for a 0% interest card, I will be socking it heavily to barclaycard. I want them GONE because of their crud. I ePaid $100.00 for today and will pay something like $75-120 per payday – depending on my hours and such- until it is gone!!!

My next 2 smaller bills are Target $307.66, which I plan to get gone quickly too… and a Kirby vacuum Financed through United Consumer finance ($260.00), I have only 5 more payments on it and then it’ll be gone too.

Target can be closed too, once I’ve paid it, and the vacuum is a set account which will be gone the day they are paid the final on Oct 30, 2016.

I was reading where someone said to notify the creditor that you wish it to be ON RECORD that YOU asked to close the account. That is why I am asking about the best way to do this.

It’ll be so good to be out from this dang trap, I feel so ‘clean’ right now having one down and finished on this day YAY!!!!

I closed QVC and Firestone by calling the Credit Bureaus individually and asking them to “close at consumers request”. That way it is worded that I initiated it instead of the Creditor initiating it. A week went by then I decided to call both Creditors. I told them that I told the Credit Bureaus and did not know if I should tell them (the Creditor) too. Both Creditors sent me letters stating that they closed the accounts at “consumers request”. They were reported “closed by consumer” within a month.

There are two schools of thought. On is the Dave Ramsey way — close everything to have no debt. The other is too keep them open to help the B/L ratio and hence the FICO Score. If you think that you would someday you would like to redo the interest on a Mortgage, or get a home equity loan or want to get “one” good card, I would leave it open to help the score B/L ratio. If the accounts are closed, they with still help for the overall age of the credit file info. Also if they are not used for 6 months, they become inactive and stop helping the score too. The longer the better.

It is up to you.