Cancelling old credit cards when applying for new ones

Sometimes, when you apply for new credit cards, it would be a wise move to cancel your old ones, especially if these ones are affecting your credit score.

For instance, revolving credit cards are most likely affecting your credit score, because they are like personal loans on your account.

For more informations, visit why to cancel old credit cards when you get new ones article at www.moneyeverything.com .

Comments
What about balance transfers?
# Posted By Credit Analyst | 03/12/07 07:34