I was wondering if it is a bad idea to close old credit card accounts? I got my first credit card in 1996, now I have seven open credit card accounts. My concern is that if I close the accounts from 1996 that I will lose that history. I would like to keep just one card, but I don't know if I should keep more or not? I owe about $4,500, which is on one card, and I plan on having it paid off within the next 4 months.LeHue
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