http://bettercreditblog.org/2007/11/18/my-forth-mistake-closed-credit-cards/ Helping you improve your FICO score, repair your bad credit, and settle collection debt by learning from my mistakes. Fri, 12 Mar 2010 23:59:03 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://bettercreditblog.org/2007/11/18/my-forth-mistake-closed-credit-cards/comment-page-1/#comment-10173 EraseBoard Sat, 23 Jan 2010 01:52:13 +0000 http://www.bettercreditblog.org/wordpress/1969/12/31/my-fourth-mistake-i-closed-credit-card-accounts/#comment-10173 Learn something new everyday. Been lurking around on your site for a couple weeks now... Just thought I would throw a reply up on one of your threads to let you know I'm around. Learn something new everyday. Been lurking around on your site for a couple weeks now…
Just thought I would throw a reply up on one of your threads to let you know I’m around.

]]> http://bettercreditblog.org/2007/11/18/my-forth-mistake-closed-credit-cards/comment-page-1/#comment-9803 Al Tue, 27 Oct 2009 16:19:20 +0000 http://www.bettercreditblog.org/wordpress/1969/12/31/my-fourth-mistake-i-closed-credit-card-accounts/#comment-9803 Absolutely true. I recently paid off and closed one of my Citibank retail revolving accounts (I have a couple) under the notion that it will keep me from charging and will improve my score as I falsely was informed. Two months after, my credit score plunged tens of points. It hurt badly. I just found this article by Ryan, wonderful article. I fully agree, no matter how many accounts you have, keep them open, and destroy the card. The creditors may close them and this action will not harm your credit score whatsoever. One of my accounts was closed by the creditor because I never used it and it never harmed my score. The Citibank account I closed is in my report as a single negative. I will take Ryan advice and try to reopen it. Don’t know what they will say after the plunge of my credit score. Absolutely true. I recently paid off and closed one of my Citibank retail revolving accounts (I have a couple) under the notion that it will keep me from charging and will improve my score as I falsely was informed. Two months after, my credit score plunged tens of points. It hurt badly. I just found this article by Ryan, wonderful article. I fully agree, no matter how many accounts you have, keep them open, and destroy the card. The creditors may close them and this action will not harm your credit score whatsoever. One of my accounts was closed by the creditor because I never used it and it never harmed my score. The Citibank account I closed is in my report as a single negative. I will take Ryan advice and try to reopen it. Don’t know what they will say after the plunge of my credit score.

]]> http://bettercreditblog.org/2007/11/18/my-forth-mistake-closed-credit-cards/comment-page-1/#comment-13 Ryan Thu, 22 Nov 2007 01:42:27 +0000 http://www.bettercreditblog.org/wordpress/1969/12/31/my-fourth-mistake-i-closed-credit-card-accounts/#comment-13 I'd say 6 is too many. Consider paying off the balances on 2 of them, but keep them open.. don't use them. I’d say 6 is too many. Consider paying off the balances on 2 of them, but keep them open.. don’t use them.

]]> http://bettercreditblog.org/2007/11/18/my-forth-mistake-closed-credit-cards/comment-page-1/#comment-12 Cindy K Thu, 22 Nov 2007 01:38:23 +0000 http://www.bettercreditblog.org/wordpress/1969/12/31/my-fourth-mistake-i-closed-credit-card-accounts/#comment-12 What if I have 6 credit cards all in good standing? Is that too many? What if I have 6 credit cards all in good standing? Is that too many?

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