Go Back   The Finance Forums > Finance forums > Credit Cards

Credit Cards Discuss credit cards - user experiences, credit card rates, and which companies offer the best credit card.

Thread Tools
Old 08-15-2017, 01:25 PM
bryaneuropean bryaneuropean is offline
Junior Member
Join Date: Jan 2017
Posts: 4
Default Need of Advice


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.

Reply With Quote

Old Sponsors

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

» Boards

All times are GMT -4. The time now is 02:31 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.