thanks for your reply! It seems like a reputable co. One person said that in the FICO scoring
"algorithm" that when you close a card with a balance, it is taken out of your CL, but your UTIL
stays, so you then would be utilizing much more than the credit you have, seemingly making
your score horrible. Yet for a few who posted here, they say it worked and scores are good.
I'm fine with closing the cards, I'm keeping one that already has a low interest rate and they are
fine with that. It will help me tremendously to pay things down, so I really would like to do it,
Should I take the plunge?
- Nancy