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    Closing credit cards
    avatar
    crunk05177 posted:
    I have excellent credit right now. I have debt, but pay everything on time and do not own my own property. We would like to buy something within the next 3-4 years though. I have a bunch of credit cards I opened in the past. I don't use them but I don't like having them around. Is it REALLY REALLY bad to have them cancelled?
    Me (29), DH (31), DS1 - Michael (6) and DS2 - Nathan (3 - severe peanut allergy and an egg allergy)
    Reply
     
    avatar
    iocasta responded:
    Actually by closing them you will improve your credit score.
     
    avatar
    miob responded:
    Here's an article from a local news station about things to consider when closing a credit card....could be good if done right.

    http://boston.cbslocal.com/2012/08/02/importance-of-having-and-maintaining-a-good-credit-score/
     
    avatar
    crunk05177 replied to miob's response:
    Thank you....I am going to look into it
    Me (29), DH (31), DS1 - Michael (6) and DS2 - Nathan (3 - severe peanut allergy and an egg allergy)


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