Quote:
Originally Posted by neoflex
Just have a question as I am far from a credit expert to say the least. If he closes out a lot of his credit cards at one time wouldn't that also reflect negatively on his credit report? Just asking as I have heard this in the past but never could understand how this would reflect badly on a person although a few years ago I paid off most of my debt and canceled most of my cards except for a couple. Just curious.
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I would leave them open to boost my score if I was ACTIVELY working on improving my score. Once you hit a threshold you're comfortable with on your score, then I would close them if that's want you want to do.