Comments for Credit Cards Partner http://www.creditcardspartner.com Thu, 09 Feb 2012 10:06:26 +0000 http://wordpress.org/?v=2.7.1 hourly 1 Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by tmblweedhttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3816 tmblweed Thu, 09 Feb 2012 01:54:43 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3816 I would pay them off and cut them up. It does affect your credit. I would pay them off and cut them up. It does affect your credit.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by roginadhttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3815 roginad Thu, 09 Feb 2012 01:09:25 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3815 You can close them altogether. It will hurt your credit a little for a short period of time. Just keep a few of them with high limits and low balances and you will be okay. I do not think you are looking right now for a credit advance if you are getting rid of recent debts. You can close them altogether. It will hurt your credit a little for a short period of time. Just keep a few of them with high limits and low balances and you will be okay. I do not think you are looking right now for a credit advance if you are getting rid of recent debts.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by Kitchhttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3814 Kitch Thu, 09 Feb 2012 01:06:43 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3814 It will lower your score, but who cares? If you don't need to apply for credit (actually DEBT) then you are fine. Learn to pay cash for everything and don't rely on other people's money and then the "all mighty credit score" doesn't even matter any more. It will lower your score, but who cares? If you don’t need to apply for credit (actually DEBT) then you are fine. Learn to pay cash for everything and don’t rely on other people’s money and then the “all mighty credit score” doesn’t even matter any more.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by uhgoohttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3813 uhgoo Thu, 09 Feb 2012 00:35:29 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3813 It is much better to have 2 credit cards with limits of $ 10,000 each rather than to have 20 cards with $ 1,000 each.Close the accounts that you have small credit amounts with...like store credit cards ie target, walmart ect..Try to up the amounts on the big cards that you have. It is much better to have 2 credit cards with limits of $ 10,000 each rather than to have 20 cards with $ 1,000 each.

Close the accounts that you have small credit amounts with…like store credit cards ie target, walmart ect..

Try to up the amounts on the big cards that you have.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by nittygrittyhttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3812 nittygritty Thu, 09 Feb 2012 00:04:31 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3812 it depends on how many cc you have if you have like 10-15 yea close them out. Keep a few open tho. if you close a credit account the reduces your total available credit which could hurt your credit score. my advice keep 2-3 (keep the ones youve had the longest or provide the better deal--points air miles etc) and then rest cancel them---its pointless to have a million cards that you will never use. it depends on how many cc you have if you have like 10-15 yea close them out. Keep a few open tho. if you close a credit account the reduces your total available credit which could hurt your credit score. my advice keep 2-3 (keep the ones youve had the longest or provide the better deal–points air miles etc) and then rest cancel them—its pointless to have a million cards that you will never use.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by Steveohttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3811 Steveo Wed, 08 Feb 2012 23:57:57 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3811 Here's the reality. Open cards with no activity for years will lower your credit score. Close them. But here is the caveat, if you carry balances, then make sure that the balances are less than 25% of the available credit for all accounts that you do have open. If you are smart, and at your age you are smarter than most of the youngsters here, then you have no balances that carry over. If that is the case, it won't hurt your score to close the accounts that you don't use. Here’s the reality. Open cards with no activity for years will lower your credit score. Close them. But here is the caveat, if you carry balances, then make sure that the balances are less than 25% of the available credit for all accounts that you do have open. If you are smart, and at your age you are smarter than most of the youngsters here, then you have no balances that carry over. If that is the case, it won’t hurt your score to close the accounts that you don’t use.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by stevemorris1http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3810 stevemorris1 Wed, 08 Feb 2012 23:32:37 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3810 Your score is based in part on the percentage of your available credit you have used. Closing paid off cards reduces the amount of credit you have available to you and will therefore lower your credit score some. But that may not matter if your other balances are low (and you are still using less than 10% of your remaining available credit) and you won't be applying for a mortgage anytime soon. Your score is based in part on the percentage of your available credit you have used. Closing paid off cards reduces the amount of credit you have available to you and will therefore lower your credit score some. But that may not matter if your other balances are low (and you are still using less than 10% of your remaining available credit) and you won’t be applying for a mortgage anytime soon.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by cutencurley_05http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3809 cutencurley_05 Wed, 08 Feb 2012 22:34:01 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3809 Unfortunately it will hurt your credit if you close out your cards. If you leave them open there is a chance you can get your identity stolen. I say keep only the ones that matter to you the most open. Close the department store cards. You will feel safer in the end. Unfortunately it will hurt your credit if you close out your cards. If you leave them open there is a chance you can get your identity stolen. I say keep only the ones that matter to you the most open. Close the department store cards. You will feel safer in the end.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by Anna Phttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3808 Anna P Wed, 08 Feb 2012 21:46:59 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3808 It depends on how many credit cards you have. If you have a number of them, then closing some will actually raise your score. Are you going to make a large purchase in the future, like a house, second home, or the like? Then definitely close some! Your total credit capability will go UP, and you will get a better rate on mortgage or car financing. You should have at least two left after closing the others. It depends on how many credit cards you have. If you have a number of them, then closing some will actually raise your score. Are you going to make a large purchase in the future, like a house, second home, or the like? Then definitely close some! Your total credit capability will go UP, and you will get a better rate on mortgage or car financing. You should have at least two left after closing the others.

]]> Comment on I have several paid up credit cards I want to close out, how will this affect my credit score? by usmchohttp://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/comment-page-1/#comment-3807 usmcho Wed, 08 Feb 2012 21:03:25 +0000 http://www.creditcardspartner.com/i-have-several-paid-up-credit-cards-i-want-to-close-out-how-will-this-affect-my-credit-score/#comment-3807 They look at total credit available to you and then how much of that credit you used-Called debt to equity. Keep them open but keep checking your balance online to be sure nobody has got your info and using the cards. They look at total credit available to you and then how much of that credit you used-Called debt to equity.
Keep them open but keep checking your balance online to be sure nobody has got your info and using the cards.

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