I'm working on downsizing my debt, and I've done well in my opinion over the last 8 months or so. Several of my credit cards (I know I shouldn't even have this many open) have zero balances. I'm not worried about the temptation of using them because I've been good with that. I know this is a subject of controversy, but should I close some just to simplify things, or leave them open for credit history? My fiance and I will not be buying a house for at least 4 more years (when we're both done with grad school and can figure out where we'll be looking for long-term jobs). No other big purchases, i.e. car, as we did that last fall. Here's the deal with my credit cards:
Retail Store Cards
$500 limit, opened July 2003
$850 limit, opened May 2003
$1000 limit, opened April 2003
$200 limit, opened July 2001
$400 limit, opened December 2001
General Credit Cards
$1500 limit, opened March 2004,
-->10.99% interest rate after promotional 0% ends July 2007
$2000 limit, opened May 2006
2006-10-31
09:21:26
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9 answers
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asked by
Anonymous
in
Credit