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whats wrong with canceling a CC that still has a balance?


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Posted by TM (209.94.128.83) on March 07, 2003 at 10:16:17:

Say I wanted to cancel my discover acct before paying off the balance. Is this a bad thing and why?
Does it look bad on credit report?

I just thought of one thing is that they will prob charge a fee for cancelling prior to paying the full balance....would they?
thanks


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