Debt vs credit score – Which one is more important?

My girlfriend has incurred $13,000 credit card debt. She has never told me about this earlier. I came to know about this only a few days ago. I had paid off her debts and asked her to manage finances cautiously. She does not want to use credit cards anymore. She wants to close all the credit cards. Will this be a wise decision in respect to her credit score?

3 Answers

Yeah…tell her to not close the accounts. This is because her credit score will drop by closing her credit cards accounts.


Should I tell her to not close the accounts?


It is going to lower her credit score.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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