Good move?

[Sinamenone]

What is the name of your state (only U.S. law)? PA
Good morning, I currently have a MACY's & Victoria's Secret Card. I have no balance or available credit on the MACY's card because I paid it off. I owe $463.41 on VS. I want to close my MACY's account & pay off VS & close it out also. Is it a good idea for me to do this? Thanks in advance.

 

[ShyCat]

Your's is not a legal question. There are plenty of credit-oriented websites where you can ask your question. If this is spam seed, know that the helpful first-time poster who happens along with a website link will find their "helpful" post immediately deleted.

 

[Sinamenone]

Can u suggest any websites?

 

[Antigone*]

Can u suggest any websites?

Why not try Googling some keywords like credit education and see what comes up. I'm sure you will find something relevant.

 

[Wisegirl304]

Knowing this is not a credit website.. its my area can't resist.
Payoff the credit cards, cut them up, but, DO NOT close them.
Credit is different now, your credit is now based on your oldest trade lines and debt to income ratio, not open credit lines. So if you close open credit lines, it makes you seem like you have more debt.

 

[Antigone*]

Knowing this is not a credit website.. its my area can't resist.
Payoff the credit cards, cut them up, but, DO NOT close them.
Credit is different now, your credit is now based on your oldest trade lines and debt to income ratio, not open credit lines. So if you close open credit lines, it makes you seem like you have more debt.

I certainly hope this is your "area" because banking certainly is not