I have 2 CC's currently. One has a 2k limit which I went and maxed out. Would it be wiser to keep it open while paying it off, and still accruing interest, or close it and not have to worry about fee's? How big of a black mark is that?

 

just because you close a card with a balance doesn't mean the interest goes away.


you should get a 3rd card and do a balance transfer. take advantage of a 0% APR deal or somethign.

 

Keep it open and cut up the actual card. Open lines of credit help your overall score.

 

I think the whole "credit" system is fucked up....

Maybe just my own experiences

 

came here to post this.

 

lol, if anyone approves me for anything these days then they must be on some sort of drug.. or else I would. I thought when you closed a card there was no longer any finance charges?

Decent idea.

Nah, the credit system is cool, we just suck.

 

Hahaha yeah right. If that were the case, everyone would max out all their cards and never have to pay any interest.

 

Analyze your current spending, cutback and put everything you have towards the balance of the card.

I agree with keeping it open and cutting it up.

 

I just blew out my CC to buy tools I needed from work and then transfered the balance to a 0% for 12 months on balance transfers offer. I plan on having it all paid off in 3-4 months but its nice being able to pay chunks off at no interest and still have some money for myself as well.

 

Why do you have to buy your own tools for work?