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dcl08
<3
Member since 4/07 3915 total posts
Name:
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CC help
i want to cancel all my credit cards...i hate using them...im going to just use my debit card and the one joint account i have with DH...my question do i have to pay off the entire bill before i can cancel??
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Posted 11/2/07 3:48 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
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Re: CC help
I dont think so, or you can just cut them up and slowly pay them off
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| Posted 11/2/07 3:50 PM |
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dcl08
<3
Member since 4/07 3915 total posts
Name:
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Re: CC help
Posted by secretbabymaker
I dont think so, or you can just cut them up and slowly pay them off
thank you
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| Posted 11/2/07 3:50 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: CC help
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
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| Posted 11/2/07 3:54 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: CC help
Lots of info on this site: credit card cancelling
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| Posted 11/2/07 3:58 PM |
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dcl08
<3
Member since 4/07 3915 total posts
Name:
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Re: CC help
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
o wow thank you i never knew that!
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| Posted 11/2/07 3:59 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: CC help
Posted by babyin08
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
o wow thank you i never knew that!
No problem!!!! I'm glad you asked...it is not a good thing to do. Check out the site I mentioned.
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| Posted 11/2/07 4:01 PM |
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dcl08
<3
Member since 4/07 3915 total posts
Name:
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Re: CC help
Posted by neener1211
Posted by babyin08
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
o wow thank you i never knew that!
No problem!!!! I'm glad you asked...it is not a good thing to do. Check out the site I mentioned.
i just browsed it quickly gonna read it more now....thank you for the great information!
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| Posted 11/2/07 4:01 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: CC help
Posted by babyin08
Posted by neener1211
Posted by babyin08
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
o wow thank you i never knew that!
No problem!!!! I'm glad you asked...it is not a good thing to do. Check out the site I mentioned.
i just browsed it quickly gonna read it more now....thank you for the great information!
 
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| Posted 11/2/07 4:02 PM |
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DmarieK
My loves!!
Member since 1/06 9203 total posts
Name:
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Re: CC help
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
This is so true!! Don't do it. Unless it's a card you recently opened.
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| Posted 11/2/07 5:30 PM |
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maybeamommy
Blessed beyond belief
Member since 10/07 17048 total posts
Name:
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Re: CC help
Posted by DmarieK
Posted by neener1211
Don't cancel your cards. Just cut them up and pay them off. I believe it can hurt your credit if you start cancelling all your cards.
I have wanted to not use a credit card, and I just cut up the card, and don't use it.
If they see you getting rid of credit, they wonder why, and it will do more harm than good.
This is so true!! Don't do it. Unless it's a card you recently opened.
This is definitely true! I've heard that part of your credit score comes from the ratio between your debt and revolving credit. It's better to have more revolving credit... so leave those cards open, but just cut them up so you won't use them. Also, I've heard that even if you have the money to pay them off all at once, it is better for your credit if you spread the payments out over a few months.
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| Posted 11/2/07 5:39 PM |
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