Quote:
Originally posted by edmos1
however you do want to keep to a normal amount of cards by closing unused ones. Otherwise your credit can be adversly affected by too much credit. These things stay on your credit report for 7 years, and are difficult to get off, believe me I have worked for about 6 months to get them off, and still have troubles.
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Agreed. I close my cards after the balances have transfered. Then I call my bank to run a credit check after a while. I try to keep 2 active cards, one has a milage plan that I pay the balance off and the other is the "consolidated" card (if necessary).