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@lisam123 Awesome breakdown of just how credit scores are determined, and I did not know 10% of credit utilization was optimal — all so good to know! Thank you for clearly breaking down this multifaceted equation, it really helps me make this decision :-)

@leticia1995 I proudly have never missed a payment in 45 years :-) Thanks for sharing your story. Sounds like based on your story, and that of others, is that if I don’t close my oldest card, the impact of closing cards and bank accounts should be minimal.

@orthodox62 I see! Thanks for the clarification.

@cynandherprodigal Thanks for affirming that I’m on the right track :-)

@resjudicata What are the primary third party credit verification processes/companies that banks use?

@jpp I’ve not heard of ChexSystems, thanks for this nugget!

@flint1952 Appreciate your succinct explanation of why certain actions would/wouldn’t impact our financial situation :-) It’s wild to me that banking history is less important than credit card history, right!?!

Let’s talk about credit scores and money management for a moment… I have my money in 3 banks. 1st acct. opened for me at birth 45’ish yrs ago, 2nd opened in 1997, 3rd joint acct w/ partner in 2014. I also have 6 credit cards with no outstanding balances (pay down to $0 every month). This is a...