Americans are having a harder time paying their credit card bills. Recent data from the Fed shows that credit card delinquency rates have reached the highest level since 2012. When people can't pay ...

When it comes to managing personal finance, many people believe that closing unused credit cards can simplify life and reduce financial risks. However, experts warn that this seemingly smart move can ...

Let's say you've got a credit card with a $15,000 limit that you haven't used in years. You're tempted to shut it down to simplify your wallet -- and hey, no harm done, right? Not so fast. As someone ...

A lot of people try to simplify their wallet by canceling a card they never use. The oldest one is often the first to go. But that move can backfire. Your oldest credit line plays a bigger role in ...

Many credit card holders assume that a no-annual-fee credit card can remain open indefinitely, even if it sits unused for long stretches of time. In practice, that assumption can be costly. Last month ...

Dear Liz: You recently advised a couple who have excellent credit, no outstanding loans and a low credit utilization rate that they could close their credit card with a company that keeps reducing ...

It's easy to assume closing old credit cards is the responsible move. But from a credit score standpoint, keeping a card open long term often helps more than it hurts. In some cases, it helps a lot.