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Old 01-20-2007, 01:24 PM
kv968 kv968 is online now
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Default Re: Closing Your Credit Card Account Can Hurt Your Credit Score

Quote:
Originally Posted by disneysteve
kv968 - The question you need to ask yourself is what you needs for credit are in the near future. If you won't be shopping for a car, a home, etc., it may make more sense to get rid of that card that is costing you $48/year. Yes, your score may take a hit in the short term, but it would gradually recover and you'd save $48/year.
There may be some car and home shopping in the not-too-distant future so I'm just going to suck up the fee. After seeing that there's "...not sufficient credit history" as it is, even after getting a mortgage in 93 and cc's since before then, I don't want to jeopardize what little "history" I'm obtaining now for just $48/yr.
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