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Question By
slatercreek

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1 Person Helped
Should I close out credit card accounts as paid off or leave open with zero balance?
I have paid off all my credit cards. Will it have a negative impact on my credit score if I close those paid off accounts? What if I ask to have my limits decreased. What will that do to my credit ratings?

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BOTH  will cause score to go down...keep accounts open and use them every few months to maintain activity andcharge a minimum of 1% to each card once every 3 to keep positive reports going....

Reply by
slatercreek

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I paid off my student loans and a one time finance on hearing aids.  Those can not be re-opened or used again.  Also a 2nd mortgage is now paid in full.  Will that have a negative impact?  I will continue with the other credit card accounts and use them occasionally, and thanks for the reply.

Slatercreek

Reply by
slatercreek

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Helpful to 0 out of 1 people

I paid off my student loans and a one time finance on hearing aids.  Those can not be re-opened or used again.  Also a 2nd mortgage is now paid in full.  Will that have a negative impact?  I will continue with the other credit card accounts and use them occasionally, and thanks for the reply

Reply by
onlinekush

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thanx any other credit must do's im missing??

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anymore question please post new thread just got lucky I was trolling through 

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