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Consolidating, canceling other cards?
I currently have 8 credit cards. All have been maxxed out at one point. I just got another credit card that will consolidate all remaining balances except for 1 other card with a much better rate.
Does it look better on a credit report to cancel all the other cards except for these two, or to keep the other 7 since they will be at $0 balances, lowering my debt to limit ratio?
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