Question

Me and my husband have 7 credit cards in total I finished paying off 4 of them should I cancel them? Not sure what to do now. I am trying to repair our credit to buy a house.  

Answer 1

Watch YouTube videos on how to improve your credit score. I learned SO much. You will get a good explanation as to why you don’t cancel and how that would hurt your score.  

Answer 2

Do not close, that will hurt your credit. Keep open and every so often charge a small Amount to keep them active so the company doesn’t automatically close them.  

Answer 3

No tuck them in a lock box and don't use

Answer 4

Do not close them! Keep them open and charge something once in a while. Closing them with adversely affect your credit. Keep the balance at/below 6% of the max.  

Answer 5

Don’t do that. Put them Away and act like you don’t have them

Answer 6

I payed them last month and on one I'm being charged $10 And I havent even used it.  

Answer 7

I closed mine in February and my credit score drop from 653 to 554 but now I'm at 692.