Home > Debt Help > How does it feels to be credit card debt free? and should I close my account now that I payed off?

How does it feels to be credit card debt free? and should I close my account now that I payed off?

November 4th, 2009
geeks_gadgets asked:


Finally I paid my credit card. It is feeling good. Should I cancel my credit card account and stay debt free? or what?

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  1. antimaron
    November 5th, 2009 at 01:26 | #1
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    you should use the card in moderation and pay your balance off every month and it will greatly improve your credit and you will pay zero interest

  2. llapczynski
    November 7th, 2009 at 00:23 | #2
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    No-leave it open, if you close it it will lower your credit score. If your afraid you might use it- freeze it in ice, stupid but if you have to un-thaw it it makes you think twice about using it. You also need a cc to rent a car, or reserve a hotel room so keep it and congrats on being debt free!

  3. aqua
    November 7th, 2009 at 06:31 | #3
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    keep it but use total control ,hardly ,do what I do go to your big mall and keep buying 200.00 of mall gift cards used that for dinner etc
    feel super free……

  4. netdebt1
    November 9th, 2009 at 02:53 | #4
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    If you have discipline the best thing for your credit score is to use the card and pay off in full every month.

    If not keep it open, but cut up the card.

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