I am in some need of advice. I have four credit cards. I got these to build my credit. I have kept them all reasonably low but I dont want them anymore. They are realitively new and they charge me to keep them (my credit was bad) now that I am building my credit back up I am wondering if these will negatively affect my FICO score if I close them with a zero balance. What are your suggestions?
3 of them are less than a year old. I have a lot of PAID collections of my CR and some not paid but are medical collections. These credit cards are in good standing and I truely believe that they built my score up but they are a pain to keep paying on them when Im not using them. The annual fee on one is $99. I would like to keep them open but will have to pay hundreds of dollars in fees annually. Will it be worth it in the long run?
3 of them are less than a year old. I have a lot of PAID collections of my CR and some not paid but are medical collections. These credit cards are in good standing and I truely believe that they built my score up but they are a pain to keep paying on them when Im not using them. The annual fee on one is $99. I would like to keep them open but will have to pay hundreds of dollars in fees annually. Will it be worth it in the long run?
You scores will go down if you close them. I understand what you are saying about the cost of them.
I have started on some of the collections yes. I am trying to do one at a time I am getting so overwhelmed with the whole thing. All teh DV's and the PFD's and everything is making my brain go a million miles a minute.
