Quote:
Originally Posted by BillK
To many credit cards actually can hurt your score because of the available debt you could obtain in a short period of time. You may actually raise your credit score by getting rid of excess cards. The key is to have a balance of cards in your possession.
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Thanks for the replies. I closed 7 dept store credit cards yesterday that had 0 balances and one of my Visa cards raised my limit by 2k the same day. So perhaps this was due to closing the cards. Anyway I called my visa and had them lower my limit to what it had been.