Generally, closing credit cards will hurt your score, not help it. That’s because closing a credit card means it will eventually drop off of your credit report all together, which could shorten your credit history (15% of your score). But more importantly, it could lower your debt-to-available-credit ratio, which is a whopping 35% of your score. You can read more about how your score is calculated and how to improve it in my post You Can Build Good Credit – Here, I’ll Help.

I just recently pulled my credit report to check my score. When i saw the score 640 – this didn’t make me happy. My dep to ratio is high and i have open credit card accounts with 0 balances. so i’m would like to know if i should close those cards out?