Archive for the ‘minimum balance’ Category

Argument For Not Closing Credit Accounts With Outstanding Balances On Them

Posted: 09/10/2007 in credit card spending, cutting up credit cards, minimum balance
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Closed Accounts + Outstanding Balances = Trouble Although it’s better to close a Credit Card Account than allow it to go to collections, you should only close an account as your last resort.  Credit Card Companies don’t like it when you close your account with them with an outstanding balance.  Many of them will never [...]