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Old 9th December 2019, 10:56 AM   #1
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Join Date: May 2010
Location: Detroit, MI
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Default Should You Close Old Credit Accounts?

Closing a credit account might sound like ripping off a Band-Aid: sweet release. But itís not always that cut and dry. While it sometimes makes sense to close an account, itís not something you should do without considering potential consequences on your credit history and score. Here are the factors you need to consider before you pick up the phone to cancel your credit accounts.

The Potential Benefits of Keeping Accounts Open

There are a few reasons why you might want to think twice before going through with closing a credit account. These are some of the top things you should consider:

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