Would it be good for me and my credit?

I have recently been notified that one of my long standing and in good standing credit cards interest rates will be going up. My credit is good (score711) I wonder if closing this account and paying it off at the lower interest rate would be good for me and my credit.

1 Answers

Closing a line a credit will lower your 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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