how i can tell you that credit card system is a fraud. because i have worked with citi bank. My experience tells me that it is not enough more than decieve.

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How long have you worked with Citi? Why do you say they are frauds?

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New graduate with an emphasis in debt counseling.

Congratulations on paying off your debt!

I am curious what you decided to do with your credit card accounts? Closing a credit card account may hurt your credit score. It is good that you inquired before you did it. There are many variables. Depending on the specifics of each account (such as the age and limit), closing it may shorten your credit history and may also make your current balances "look" larger (since they look at the amount owed in comparison with the amount available).

I would probably only consider closing an account if I already had a killer credit score (have you checked it lately?) and was not planning to apply for a loan in the near future.

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Kathy Jo Pollack
Certified Life Coach, Trainer, & Speaker
Focusing on Financial Independence
www.kathyjopollack.com

i would keep those accounts open with a 0 balence it will effect your credit if you close them.

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free loan quotes| bad credit home mortgage loans

Ralph,

Close your cards. You will be fine without those debts hanging around you all time. I would keep one credit card for emergencies only, and I only advise that if you are disciplined enough not to use it and run it back up again. My family owns one credit card and have paid off all the rest and carry no balance on the one we have. This, in no way has affected my credit and as a matter of fact, I just recently purchased a very expensive property and had no issues arranging awesome financing.

Listen, being debt free (with the exception of your home, which is a great investment) is the only way to truly be financially satisfied. Keeping credit cards will never do the trick!

Check out my blog for more great tips on losing those cards, paying off debt and building your huge future!

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Justin's Blog:
www.PeskyDebt.net