Re: Will Cancelling Credit Cards Hurt Score? Yes.
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Posted by Linda (65.120.51.36) on November 10, 2002 at 00:03:15:
In Reply to: Re: Will Cancelling Credit Cards Hurt Score? Yes. posted by JR on November 09, 2002 at 23:03:34:
Ummmmm freeze then in the middle of a block of ice, hehe. But dont' close them all. Just let them sit. Maybe close one, wait a while, see what happens, then decide if you should close another. But not all, you may live to regret it. You have to maintain an "exit" if your card company decides to jerk you around. If they see that you have other cards and lots of unused credit, they don't jack your rates and stick on fees. If they think they have you trapped, they will. Outsmart them. Keep the cards, but don't overuse them. Linda
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