Closing some credit accounts not bad idea
If you have one - or several - credit cards you haven't used in a while, you may want to listen up. New rules took effect this week that have prompted many companies to add fees and increase interest rates. So, you may have already considered closing some accounts. Doug Hammond, Outreach Programs Director at Alliance Credit Counseling in Charlotte says that's not a bad idea. He also advises consumers to go back and identify their old credit cards.