Most creditors and lending agencies would rather prefer to see a verifiable credit history on their clients. If you wish to pay all your outstanding balances, and close all your accounts, your creditors won’t be able to determine if you’re in good financial standing, or if you’re paying your balances on time. However, don’t get used to transferring your balances from one credit card to another, because this will only do nothing but slash off more points from your credit score. If you unable to maintain all of the credit card use it for small credits (Paying mobile bill etc).Then it will not harm to your credit score any more.
