Re: I closed a CC account!
really i don't understand what's the big deal with closing a credit card account that I opened because I wanted and that I don't use. How could that affect my credit. My credit would be affected if I decided to use it and then not pay. I don't think it's a good idea to have lots of credit cards because you are a lot more vulnerable to indentity theft. I don't want to have credit cards I don't use under my name.
The FICO score thing it looks like a fiasco to me. The only use I can think of for that score is if I need a loan to buy a house but in today's market everybody gets low rates no matter how bad their credit is.
My BF who is deep in debt bought a house with IO option at the lowest possible rate around 5.50. Today financial institutions seem to be desperate to throw money to whoever ask for it.....
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