If You Have An Older

Wednesday, February 6th, 2008 at 5:29 pm

If you have an older credit card in good standing and you pay it off, it would be wise to keep the account open. Many people make the mistake of closing their accounts once they are paid off. Since a large part of your credit score is based on the amount of time the account has been open (older accounts are better), this would actually hurt your credit score.

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