Thursday, September 9, 2010

about credit card debt. I have 5 major credit cards. I only owe 50.00 on one but much more on others.?

I know I should pay off the high interest rated ones first but since I only owe 50.00 on one that has a medium interest rate shouldn't I pay that off and close it leaving my card total down to 4?

I have been told to not close my cards instead pay the balance(s) when I can but doesn't it look worse on my credit report when I have a large credit amount I can borrow from?