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Closing the account will remove the temptation to spend up the cards again but, closing the account can actually lower your credit score. You ought to take that question and your private credit information to a credit counselor for a better answer.
By the way, CONGRATULATIONS on paying off the cards!
What else can I help you with?
Can paying off a credit card damage your credit score?
No, only if the account is a paid closed account. What affects your score is utilization of your credit limit, which should only be about 25 to 35%.
How can I ensure my financial protection when paying by credit card?
To ensure your financial protection when paying by credit card, you should regularly monitor your account for any unauthorized charges, report any suspicious activity to your credit card company immediately, and only use secure websites for online transactions. Additionally, consider setting up alerts for your credit card transactions and regularly review your credit card statements for accuracy.
Does paying off high balance credit card help your credit?
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
Avoiding paying credit card what should you do?
pay the bill before you get arrested
How can I find my Citi credit card account number online?
To find your Citi credit card account number online, log in to your Citi online banking account and navigate to the credit card section. Your account number should be displayed there.
Can paying off a credit card damage your credit score?
No, only if the account is a paid closed account. What affects your score is utilization of your credit limit, which should only be about 25 to 35%.
What should you do if you are a member on Runescape but you have been hacked you made a new free account but you are still paying?
try to get an account recovery using the account recovery section, otherwise if you can't the only way you can avoid the paying, is to cancel you credit card otherwise you are screwed.
Should I close a joint credit card account when I am paying for it through court ordered partial support?
My position would be to close the account but honor the payment as ordered and let the account pay out.
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
How can I ensure my financial protection when paying by credit card?
To ensure your financial protection when paying by credit card, you should regularly monitor your account for any unauthorized charges, report any suspicious activity to your credit card company immediately, and only use secure websites for online transactions. Additionally, consider setting up alerts for your credit card transactions and regularly review your credit card statements for accuracy.
If a parent has a credit card debt appearing on a credit report and the child had a CC under the parent is the child responsible for paying for this debt as well?
Children can not be held liable or responsible for contracts of any type and also do not have any ability to get credit or have a credit rating. That is why their CC is in your name and why only you are responsible for paying their CC debt. All that is impacted here is your credit.AnswerIf the "child" is over the age of 18 and is a joint account holder and not simply an authorized user then they are responsible for the debt. Additional InformationIf the parent co-signed for the child's first credit card and now the child is emancipated. That account should be closedand a new account should be opened in the child's name alone. That is the only way to get the parent's name off the account.
If a lawyer has your charge off account and you've been paying on time do they have to update your information with the Credit Bureaus?
They are legally obligated to update your credit report when the account is paid off completely. In the meanwhile, if you have been denied credit because the balance is showing higher than it should be, can you request a copy of your credit report (and it will be free) and can dispute the balance. The offending company will have 30 days to answer your dispute or it will be removed from your record.
Should your sister be paying on her credit card balance if her credit card debt has not yet been discharged but her accounts have been closed by the credit grantor?
Your sister should not be paying on the credit card balance. In fact, the credit card company cannot even legally send her statements because she is protected by the automatic stay.
can a credit card company like capitol one who forward account to legal dept in state of california take garnish payments out unemployment if nothing can be resolve out of court?
You should not avoid paying the minimum due in your credit card account. The credit card company does not care if you lost your job. What you need to do is to speak with a credit consolidation agency in your area. Ask around about their reputation. The credit consolidation company will make a deal with your credit card company.
Avoiding paying credit card what should you do?
pay the bill before you get arrested
Does paying off high balance credit card help your credit?
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
How can I find my Citi credit card account number online?
To find your Citi credit card account number online, log in to your Citi online banking account and navigate to the credit card section. Your account number should be displayed there.
