Close business credit accounts after transferring balances?
I’ve transferred balances from credit cards to new credit cards for lower interest rates. Should close the old accounts? Will that help my credit rating. These are business accounts.
Hi
Leave the account open by closing the account, creditors look at the same as a negative listing. Keep them open with no balance and try to buy something on them once a month for $20 and pay it right off. That will help your credit rating.