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KJLT

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Does closing some credit cards hurt your credit?
I have credit cards that I no longer use. I am 58, would it benefit me to close the credit cards?

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Top Contributor
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I would never close a credit card if I did not have too.  Basicly only if it had a high AF and I didn't think that it was worth it.  It can hurt you because utilization is 30% of your score.  So if you take away that credit limit you can make it hard to carry a balance without it hurting your score.

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