posted by on Nov 18
CaliGirl asked:
I joined a DMP (debt management program) they are a great team and i am making a difference in lowering my debt little by little. However, i noticed on my credit report a couple days ago that many of those accounts that i have on the DMP are still “open”. I called and they advised me not to close them as this would affect my credit score- “having a credit card closed while still owing money”. But i figure if i am still making my payments on time does it really matter? Also, i thought it would help closing the account since my “open account” number would fall. Any advice??? Thank you!
I joined a DMP (debt management program) they are a great team and i am making a difference in lowering my debt little by little. However, i noticed on my credit report a couple days ago that many of those accounts that i have on the DMP are still “open”. I called and they advised me not to close them as this would affect my credit score- “having a credit card closed while still owing money”. But i figure if i am still making my payments on time does it really matter? Also, i thought it would help closing the account since my “open account” number would fall. Any advice??? Thank you!