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Daily Archives: August 9, 2018

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Should I close credit accounts with zero balances or leave them open?

Blog, Personal FinanceBy Editorial TeamAugust 9, 2018

It’s a good idea to close redundant or unused accounts you do not consider necessary. Here are a few reasons why: If credit is easily available, you may be tempted to use it. Any impulsive purchases could quickly mount up and result in serious debt problems. Open accounts may be used fraudulently if your account…

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