About Credit / Debt Management: Keep the Bank From Closing Your Card

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	from LaToya Irby In the wake of the credit crunch, rising delinquencies, and (possibly) tighter rules, credit card companies are closing out some customers' credit cards in an attempt to save money.
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Keep the Bank From Closing Your Card Closing a credit card is never good, and often bad, for your credit score. It doesn't matter if you close it or the bank closes it. The effect is still the same.             More Topics Sample Credit Card Close Letter Using Credit Card 10 Signs of Credit Card Debt Avoiding Debt The Statute of Limitations on Debt Debt Collection Reporting Debt Collector Violations Consumer Credit Laws What's Too Many Cards? Using Credit Cards Stop Collection Calls Debt Collection Attack Zombie Debt Debt Collection Five Cards You Should Never Close Ever gotten mad at the customer service rep and told him (or her) to just close your card. It may not have been a smart move. Some credit cards you just shouldn't close.   The Right Way to Close a Card When you decide it's ok to close a card, there's a right way to do it. You can close it over the phone as long as you follow up in writing.     Sponsored Links   Home Makeovers: Simplified Home Projects Made Easy Get everything you need to know about sprucing up your home for spring, from room redesigns to quick DIY projects.

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