https://ficoforums.myfico.com/t5/Credit-Cards/Closing-most-recent-credit-history/m-p/190627#M61709 Just recently I brought a house and guess what I've gotten myself into some credit card debt and my rates are outrageous. I am considering debt consolidation, don't worry it is with a reputable company (ccc). I will leave all of my old cards out of the consolidation because I don't want to hurt my score by closing down my history. I have several newer cards 12-24 months old that I really want to include in the consolidation. will closing those hurt my score since the history for these aren't that long? Debt utilization won't matter that much as I am almost maxed out on all that I am referring to. Thanks in advance for your responses Wed, 26 Mar 2008 03:30:06 GMT Anonymous 2008-03-26T03:30:06Z https://ficoforums.myfico.com/t5/Credit-Cards/Closing-most-recent-credit-history/m-p/190627#M61709 Just recently I brought a house and guess what I've gotten myself into some credit card debt and my rates are outrageous. I am considering debt consolidation, don't worry it is with a reputable company (ccc). I will leave all of my old cards out of the consolidation because I don't want to hurt my score by closing down my history. I have several newer cards 12-24 months old that I really want to include in the consolidation. will closing those hurt my score since the history for these aren't that long? Debt utilization won't matter that much as I am almost maxed out on all that I am referring to. Thanks in advance for your responses Wed, 26 Mar 2008 03:30:06 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Closing-most-recent-credit-history/m-p/190627#M61709 Anonymous 2008-03-26T03:30:06Z https://ficoforums.myfico.com/t5/Credit-Cards/Closing-most-recent-credit-history/m-p/190659#M61721 <DIV>i'm no expert, but closing them and entering into a debt management program could trigger the issuers of the cards you want to keep open to take adverse action (ie close, balance chase, then close, etc).</DIV><DIV>&nbsp;</DIV><DIV>don't get me wrong. you recognise you have a problem and are willing to take responsability and make the rught tough choices, just want to let you know that the issuers may not stand by you.</DIV><DIV>&nbsp;</DIV><DIV>good luck.</DIV><DIV>&nbsp;</DIV><DIV>as for closing the cards. no just closing an account won't have a mesureable impact, unless it has a balance reporting (which in your case they will).</DIV> Wed, 26 Mar 2008 03:49:44 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Closing-most-recent-credit-history/m-p/190659#M61721 Anonymous 2008-03-26T03:49:44Z