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Old 10-26-2006, 07:00 AM
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Default Re: Living Below My Means Too Much?

Quote:
Originally Posted by Amissa
I've got three cards now & I've been looking to close one b/c I think it may help my credit score.
Closing a credit card won't necessarily help your credit score. If you don't want to use it anymore, just cut it up & throw it out.

Quote:
Originally Posted by FICO
Don't close unused credit cards as a short-term strategy to raise your FICO score. Owing the same amount but having fewer open accounts may lower your FICO score.
http://www.myfico.com/CreditEducatio...YourScore.aspx
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