Comments on: Closing Credit Card Account Affects Credit Score http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/ Tips for living frugal while still having a life Sun, 21 Mar 2010 17:03:34 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Paying Off Credit Card Debt In Ten Simple Steps | Frugal Dad http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/comment-page-1/#comment-18393 Paying Off Credit Card Debt In Ten Simple Steps | Frugal Dad Thu, 19 Feb 2009 11:04:52 +0000 http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/#comment-18393 [...] This step is for those planning to buy a home after they are debt free.  Closing a credit card account, even if it is paid off, can have a negative effect to your credit score.  If you are [...]

[...] This step is for those planning to buy a home after they are debt free.  Closing a credit card account, even if it is paid off, can have a negative effect to your credit score.  If you are [...]

]]> By: Card Issuers Cut Limits, Lowering FICO Scores | Frugal Dad http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/comment-page-1/#comment-1096 Card Issuers Cut Limits, Lowering FICO Scores | Frugal Dad Thu, 03 Apr 2008 11:01:16 +0000 http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/#comment-1096 [...] off the account in short order. Against my desires to tell them to take a flying leap I decided to keep the account open as closing the account would reduce my total credit line and could potentially send my FICO score [...]

[...] off the account in short order. Against my desires to tell them to take a flying leap I decided to keep the account open as closing the account would reduce my total credit line and could potentially send my FICO score [...]

]]> By: Phil http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/comment-page-1/#comment-91 Phil Mon, 21 Jan 2008 16:15:57 +0000 http://frugaldad.com/2008/01/08/closing-paid-off-credit-card-accounts/#comment-91 I've got one debt gone on my snowball, and then next dissappears next month. They're small school loans though, not credit... My plan with the credit cards is to leave them open for the time I'm paying them off, and then closing the newer ones. By the end, I should have maybe 3 or 4 cards total; a couple really old ones and one or two I use day-to-day for the rewards. I'll let you know when I get there. =) I’ve got one debt gone on my snowball, and then next dissappears next month. They’re small school loans though, not credit… My plan with the credit cards is to leave them open for the time I’m paying them off, and then closing the newer ones. By the end, I should have maybe 3 or 4 cards total; a couple really old ones and one or two I use day-to-day for the rewards. I’ll let you know when I get there. =)

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