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? asked in Business & FinanceCredit · 1 decade ago

Will hurt my credit score if I cancel two of my credit cards?

I have only 8 months with one of them and 6 in the other one.

I already pay off both, but I don't want to hurt my credit score.

(I have three more and I don't want to use again)

Please give me an advise!!

3 Answers

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  • Twitter Bird
    Lv 5
    1 decade ago
    Favorite Answer

    If the cards have high credit limits & you close them it can affect your score a little. It changes the % of available, unused credit so lowers your FICO rating.

    Are the cards charging you fees? If so, I would close them.

  • Vic J
    Lv 5
    1 decade ago

    No it won't hurt your score.

    Credit cards are unsecured debt and don't count as much on FICO scores.

    Mortgages and car loans are what really help build a score.

    Pay em off and Close em down!!

    Go debt free!!!

    Google Dave Ramsey for some good info.

  • Anonymous
    1 decade ago

    There is a good website that helps with damaged credit. It's not a scam. I used it and it works!!!

    www.careonecredit.com

    This is from a customer, not some guy trying to make some extra $$$ by advertising.

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