… be tempted to use the credit card again and rack up a bunch of bills that they can’t afford…. … e just spent the last year or more paying off some old credit cards….CAUTION — closing an old credit card account that was paid and is now in good standing will actually hurt your credit in the short-term since you would no l…So, after you’ve paid down or paid off an old outstanding balance on a credit card, the best thing to do is to put your card away and store it in a safe place b ut do NOT close the account….

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