08-03-2010 08:19 AM
Should you close open credit card accounts that are on your credit report, even if they don't have any balance on them? Also, is it better to ask for a credit limit decrease on cards you know you will no longer use? I am trying to clean up my credit score due to credit card issues. Any tips/suggestions would be great
Should not close any credit card unless there is an annual fee attached. Having a zero balance on a credit card with any limit can help your score.
FICO does not like to see a 0 balance on all your cards. I would keep a very small balance on one.
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