Credit Cards

Started by Mariam H.
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Mariam H.

How will closing credit cards affect my credit score. I established credit in all the areas (i.e., mortgage, car loan, credit cards - major and store) and want to close some of my paid accounts. Unfortunately, some of them I have had for over 5 years. I did read that if I closed them don't do it all at one time but over a period of time. My plan is to close 3 this year, how should I move forward.

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Cynthia W.

How do balance transfers affect your credit? I transferred a balance with an interest rate to one that has no interest for 18 months.

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