Credit with Chris – Q&A #21 – Should I close my credit cards?

Question:  Should I close my credit cards?

Answer:  Not unless you have a lot of them and plan to keep at least 2 open.  Unfortunately, you need to be in some level of debt to build or maintain a positive credit rating and revolving accounts can assist in this process.  You should try and keep at least revolving/credit cards open and maintain low balances.

Submit your questions or for more information on establishing positive trade lines contact us today at 877-896-2831.  Also, get your free consultation at www.visioncreditservices.com.

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