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cher2655

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im ready to pay off my credit cards should i close the acct
im gonna pay off my balances on 4 accts my question is should i have them closed

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Re: closing accounts

Helpful to 1 out of 1 people

closing accounts isn't ALWAYS bad.  I had 10 open cards, 5 old and 5 new.  When I closed the newer cards, it increased the average age of open accounts and increased my credit score.

Only do this if you are paying all your credit cards off and dont plan on carrying balances anymore. 

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