credit card/credit score question
reposted from my personal journal I know that having too many open lines of credit is bad for your score, and having too much of your available credit used is also bad for your score... but which is worse? I'm asking because I have three different store cards that will be paid off as soon as this last payment I made processes, and I currently have a LOT of open lines of credit (it shows up as a lot because my student loans reflect as being about 9 different credit lines, and then I have four credit cards besides the store cards, and then I have a car loan). So anyway, my question is... when this payment processes and the three store cards are paid off, would I be better off to keep them open so that it doesn't show up with all of my lines of credit being near the limit, or should I close the accounts so that I don't have so many lines of credit? Once these are done I'll be working to pay off the other cards so the debt to available credit ratio will continue to improve, I'm just not sure what will make the biggest immediate difference.