Thread: Need of Advice
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Old 08-15-2017, 02:25 PM
bryaneuropean bryaneuropean is offline
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Join Date: Jan 2017
Posts: 4
Default 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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