Quote:
Originally Posted by alexlj92
Good Deal man you're on the right track. And yeah I just wanted to throw the dont cancel card thing out there for the general audience as a lot of people think closing them will help, but based on the way they analyze it doesn't.
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Closing all but 1 will ding your credit shortly, but it will still stay high. However, if you close them all out and pay everything off and get a zero credit score you actually can be in much better financial shape than having a credit score. Credit scores are only worth having if you want debt. Personally I'd argue that there's no good debt.