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Frankie3589

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If I close Credit Cards with 0 bals will that effect my score

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Yes.   If those accounts have good history (i.e. no late payment or collections) then you lose that good history and your scores can drop.  Use the card once or twice a year just to keep it alive and it will help your credit score. To learn more, go to www.credit.about.com and look at the Credit/Debit and Learn Credit tabs.  Best of luck! 

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close card or not.

I staarted the long journey to repair my credit rating 6 years ago. I now have "excellant" scores. I want to close a card that is very costly on a monthly basis and yearly fees. I now have 4 other cards that i rarely use and which do not cost me nearly as much. I dont want to hurt my scores, but the reality is that i rarely used that card anyway.

to close or not to close???

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