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Old 08-01-2009, 12:06 PM   #3 (permalink)
ProudArmyWifeD
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Closing a credit line only HURTS your score.

You actually really could have benefited by having all of those cards you signed up for when you were younger - because the longer you've had a credit line the higher the boost to your credit score.

So my suggestion is, do NOT close any other account. Like I said, there's no benefit to it, it will actually knock your score down for quite a while. Instead, just don't use those cards.

And having high credit lines is a good thing, it means the companies see you as a good risk. As long as you don't take advantage of it and run your debt up, you are doing great!
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