Too many accounts will hurt, therefore you must close accounts. This is a huge myth because of a couple of key things to remember are: 15% percent of your score is based on the average age of your accounts. The more accounts that you have that are older in age, the better the average age of your accounts will be, which will affect your score. Additionally 30% of your score is based on the utilization rate. If you have more accounts that you're not using, but you're still keeping them active, it's going to help your score by keeping those accounts going, because your overall utilization rate will average out less. Therefore, never close accounts. Closing accounts will not hurt you. That doesn't mean you go out and get thirty accounts if you have, whatever accounts the consumer has now, advise him to keep them open, there's no reason to close them. But if they don't have a large amount of accounts, there's no reason to go out and get more accounts.