Credit Repair

Chase closing the account is deemed negative so some degree.

What about the Household card? Keep it or cancel it?

What are your limits on the cards? As long as you are using the card and staying under the limit then you will build your credit score. Keeping the card will not be negative as long as you take care of it. However if you decide to close the card, you will still be able to build your credit score with the Discover Card.

Since your Chase card was charged off, keep in mind that will be on your credit report until it is paid and even beyond that -- I've seen it there between 5-9 years (depends on the severity).

In terms of your Household card, I would get rid of it. Once you have that negative Chase account on your credit reports, it's not going to do you any good. If you have to make credit card purchases, your best bet is to use your debit card.

Once you know that you have a credit card, the bad side of your conscience will tell you to spend, spend and spend. Before you know it, you'll be back in the same boat.

Get rid of the Household card because paying an annual fee is nonsense. I would contact Chase and ask them if they will change your status to "closed at the consumer's request" after you've paid them in full - OR just to account closed, paid in full. That will look much better on your report.

I've worked with a company named MI Credit Solutions. They helpled me settle all of my debt. They may be able to help you also. MI Credit solutions specialize in debt settlements, credit counseling, bankruptcy, mortgage modification and foreclosure, assistance with credit repair, and will also help with debt education. Try and give them a call maybe they can help you like they did me. Their number is (877) 387-9997 or email at [EMAIL="MICreditSolutions@att.net"]MICreditSolutions@att.net[/EMAIL]. Hope it helps! (: