1. Don't worry about it. Close the cards. If they ask, tell them the truth; that you signed up for them for various benefits and closed them when you realized how much you had.The biggest reason for me is the potential for fraud. Consider if your wallet is stolen. How many people do you have to call because of credit issues? Will you remember each one? My girlfriend went through identity theft last year. Someone stole all her mail, opened a Target card with a really high limit, and tried to run it up immediately. She's still feeling the residuals of the ID theft. I understand the pitfalls of it, but I do keep statements and phone #s handy in case anything like that happens. My mail also comes in a locked box while hers was in a regular mailbox. I also keep pretty good tabs on my credit report, so I'm not too worried about that happening.2. If I understand correctly, you will get a better interest rate if you put money down on the house. The advantage of "taking advantage of these low rates" is moot when the rates aren't low for you.Thus, the credit issue is moot just yet. Further, if interest rates go up, the cost of housing will go down.Yea, I've pretty much put the idea of owning a house out of my mind for right now.3. Do you have an emergency fund? Kinda sorta. It's more of an active fund. When it gets a little bigger (it's growing) it'll be able to handle emergencies too, and I'll consider shifting it to my ING Orange account or somewhere away from my Wells Fargo account.BZ1
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