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bryaneuropean 08-15-2017 02:25 PM

Need of Advice
 
Hello:

I am about to either pay off the balances to all five of my credit cards, or close the accounts. Which should I do?

I have heard that closing the accounts to credit cards will hurt your FICA score. Is this true?

Also, I have heard that it is best to keep a small balance on your credit cards to show your credit worthiness, which will help your FICA score. Is this true?

Thank you for any advice that you can provide me.

Bryan


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