Topic: Should You Cancel Credit Cards Before Applying for a Mortgage?
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No, this would be damaging to your credit score. This would impact the average age of open accounts on your credit report, typically lessening the average age which is damaging because the algorithm looks for longevity. In addition, it will adversely impact the overall credit utilization ratio on the report, decrease the number of open accounts and inhibit positive payment history from being added to your credit profile. Credit cards report on time payments even when not being used.