Before closing a credit card account, consider keeping it open if it has no annual fees or high interest rates to maintain a good credit utilization ratio. Settle any outstanding balances and cancel ...

Americans are having a harder time paying their credit card bills. Recent data from the Fed shows that credit card delinquency rates have reached the highest level since 2012. When people can't pay ...

This is read by an automated voice. Please report any issues or inconsistencies here. Dear Liz: I’m 75 and getting forgetful and disorganized. My prior excellent credit rating has suffered due to late ...

Let's say you've got a credit card with a $15,000 limit that you haven't used in years. You're tempted to shut it down to simplify your wallet -- and hey, no harm done, right? Not so fast. As someone ...

Sometimes, closing the account may be the best move. But before you do, make sure you understand the new benefits, the timing of the changes, and the potential credit score impacts. Many or all of the ...

Managing too many credit cards can be stressful -- and costly if you're paying annual fees. Canceling cards needs to be strategic, because it can affect your credit score. Learn which card types you ...