Closing a credit card account is not for the faint of heart. So, why bother? Oh, let me count the ways:
No. 1: Excessive lines of credit—even those with a $0 balance—can wreak havoc on your credit rating.
Truth be told, all you really need is one—two at the most—good, all-purpose credit cards. Bacho/Shutterstock
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Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.”
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