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  1. 04-22-2008, 07:29 AM #1
    CreditRepairGuy
    CreditRepairGuy is offline Camo Belt CreditRepairGuy is on a distinguished road
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    Default turned down for debt to income ratio

    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"
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  2. 05-04-2008, 05:30 PM #2
    creditcardwarehouseonline
    creditcardwarehouseonline is offline Orange Belt creditcardwarehouseonline is on a distinguished road
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    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
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« Can a collections agency add themselves to your credit report? | Discover with 3200 balance closed out »

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