Thursday, May 03, 2007

Do you risk your credit score if you cancel a credit card?

If you ever looked at your credit report (of course you did, we hope!) - you probably were shoked at the number of accounts listed. So you think if closing any of these old accounts you never use would be a good idea and will boost your credit score? Think again!
Here is a good explanation why you shouldn't do this. Keep them open!

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