should i close the credit crads confused!

[Anonymous]

I just paid off three credit credit cards

Bank of  America Master card

Home Depot  by Citibank Dakota

**bleep**'s Sportin Goods by GEonline services

Credit cards I owe

NFCU Visa 17,543.

JCP               470.

BOA Visa     5022.

If I close the three on top will it hurt my score?  

[Anonymous]

Won't help. That's for sure.

[Scamp]

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eddimac wrote:

I just paid off three credit credit cards

Bank of  America Master card

Home Depot  by Citibank Dakota

**bleep**'s Sportin Goods by GEonline services

Credit cards I owe

NFCU Visa 17,543.

JCP               470.

BOA Visa     5022.

If I close the three on top will it hurt my score?  

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Welcome to the Forums, eddimac!

The short answer is yes, it will hurt your scores - do NOT close those paid-off cards.

For some background information on why this is the case, please read Credit Scoring 101 and Closing Credit Cards.

For additional insight on how best to manage your credit cards to keep your scores nice and shiny, you might check out Veni, Vidi, Vici, or How to Master Your MasterCard.

And just keep reading in these forums - lots of useful stuff to learn!

[Comp5569]

I would definitely leave them open.  You have them paid off, which is really helping your UTL %.  Leave them open, but SD them so you will not be tempted to use them until you have your other cards balances under control.

[Anonymous]

The fico scores at the bottom of the reply box, whose are they?

[Anonymous]

I sent the reply to wrong person.  Whose fico scores are those in the bottom of reply?

02/12/09 EX: 701 / 5/27/09 EQ: 720 / 4/18/09 TU: 737

[Anonymous]

Do the paid off CCs carry an AF?  If so, that might change the future action.