Thursday, August 6, 2009

Can combining credit cards (NOT Debt Consolidation) hurt your credit score?

I have several credit cards, many from the same institution. I%26#039;d like to combine all the ones from the same institution into one.



All the cards are paid off monthly - I am not carrying any debt.



Will this hurt my score?



Will this hurt me in any other way?



Can combining credit cards (NOT Debt Consolidation) hurt your credit score?

Closing them will pull your score down a few points. Less Available unused credit.



Kourtnie



Prosperity Financial



Can combining credit cards (NOT Debt Consolidation) hurt your credit score?

From what you have said, this should have no affect on your score since you are not carrying a balance.

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