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I have one question - is it fact to close your credit accounts will effect your credit score in the worse way??? I am one who is caught up in refinance mess. I can only blame myself - I am a habitual reader and this one time I did not and took the agents word what I was signing -interest only!!!! My credit score falls between 615-638 and am unable to refinance to a fix due to the "my debt ratio"
It will effect your credit score if you close your accounts. It is just better to cut them up and pay them down. Get them below 30% of total available credit
turned down for debt to income ratio 
