It actually HURTS your credit score when you close an account. So get your balances to zero on those cards and do not close the accounts.
This is advice from Suze Orman on her show (she's a financial guru).
Also, I got this from a website (
www.bankrate.com):
"If your goal is to improve your credit score, closing accounts is not a good tactic," says Craig Watts, consumer affairs manager for Fair, Isaac and Co. based in San Rafael, Calif. "Paying down credit cards is terrific. Closing them is not going to help."
Canceling a large amount of unused credit could actually hurt your credit score.
Okay, so I hope that helped!
