Archive for November, 2006

Closing credit cards with a balance left on them to pay them off?

Thursday, November 30th, 2006

Yahoo Answerer asked: I want to make a new years resolution to pay off my credit cards, and I want to close them out to make sure I don’t get tempted to use them. Will that look bad on my credit score if I close them out, when they still have a balance? Also, do [...]

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Is it true that some credit cards can damage your credit even if you pay fully and on time?

Monday, November 20th, 2006

My Mormon Utah asked: I heard somewhere that some credit cards can damage your credit even if you pay on time and more than the minimum balance. Is this true? What kind of credit cards would be like this? Thanks for your help!Nu Lookabaugh

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