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baseballmomoftwo

Will closing accounts hurt credit rating?

baseballmomoftwo
18 years ago

We paid off all our debt (except for our mortgage), and we have always had a high credit rating. We have 4 ccards that have high limits. I would like to close at least two of them out, because I really don't need that much open credit and don't plan on using it. Will that lower my credit rating? Thanks for your advice!

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