Credit Cards To Close Or Not To Close

Melissa writes in with the following question about closing credit cards:

I have an old credit card account where my charging privileges were revoked because I was having trouble making my payments. I have since then paid off the card and it is at a zero balance. Do I now close the account? Would it help my credit more if I left it open? I am trying to rebuild after years of bad credit decisions.

Deciding to close a credit card or leave it open is a tough decision. Unfortunately, it sounds like the credit card issuer beat you to the punch. Chances are they ... Read the entire article.