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Leakman

Member since: October 2008

Total Contributions: 1

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The Do’s and Don’ts of Closing Old Accounts

I repeatedly read the article above and am still not sure of what is the right move for me. I have credit cards with zero balance that I am not using. Will closing them (removing liability) help or hurt me. I also have a couple of other cards (Lowes, home Depot) that I no longer use. Should I close them out also to help my score? I was surprised when I received my score here as it was appreciably lower than I thought it was going to be (over 800 last check)I know it changes almost daily but not as much as I saw here.

Comment posted 3 years ago

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