Originally Posted by monack
it's something that you negotiate when you are working to try to pay off the cards. basically, when you close a credit card as opposed to paying one off, it shows up as a negative hit on your credit. However - if you are on time, believe it or not, the credit card companies are less willing to talk to you... makes very little sense, but ...
So then would it be better (and it is possible) then to negotiate a # to pay off the credit card, but then leave the card open....instead of having it CLOSED? So then it won't show up as a negative?
Hmn....see, we are always on time and never behind, etc. so I guess I can see they would be "less willing" to talk to us as opposed to us being behind in our payments and having collections after us, etc.
Thanks monack...I'm learning alot.