When applying for a home equity line from a bank t

When applying for a home equity line from a bank to consolidate and pay off high interest credit cards; can the lender force you to close the c/c accounts when they are paid off? I live in Ca. if that makes a
difference.
I was told that having the cards closed can lower your credit rating because you lose the history of that account.

1 Answers

No, the lender can't force you close the credit card accounts. 


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