01-10-2011, 04:27 PM
ScottyB Wrote:i wish i could cut out a credit card or 2. don't need 'em, but i don't want to cancel them on account of dinging my credit score.
Just ask for a higher limit on the ones you're keeping (most will do it in a heartbeat if you're in good standing) to keep your credit utilization low.
The act of canceling doesn't do anything to your score. I have a half dozen canceled cards on my history and my score is >800 at all three institutions. As long as you aren't turning them over every year and have a clear history of usage, you're fine.
(+1 for Fidelity IRA/401k)
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth