re: Who is ready for the next big financial crisis?

quote:

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pay some of them off and close the accounts.

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You were right about most of what you said except this. Do NOT close your revolving accounts. If you do this, you will effectively remove years of credit history from your report and this WILL have a negative impact. Pay it off, but keep it open. This is how you increase your AAA (average age of accounts). The longer your established credit history, the better for you. Never close a revolving account if you can avoid it. If nothing else, use it for Christmas buying each year and then pay it off.