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Shine40

Member since: August 2009

Total Contributions: 1

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Is it a good idea to close unused Credit Cards?

This is a very interesting question to me, as I am pondering the same thing. I have a credit card with a very large credit line to a small store that I utilized to purchase a good vac. cleaner. It was a year of no interest, I paid it off and no reason to leave it open. So, should I close it and is there a "proper" way to close it so that it doesn't negatively impact my credit?

Response posted 2 years ago

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