Bankruptcy news of the day:

An article from MSN Money.

Excerpt: “Some credit mistakes aren’t so obvious. What’s worse, the biggest secret credit mistake — the one most people don’t even know they’re making — actually happens when people are trying to turn their credit score around and be more financially responsible.

That mistake is closing credit card accounts. I know this might sound surprising to some, especially those who have labored for years to pay off big credit card balances. It’s understandable. You just made the final payment, and it would feel so good to call the customer service department of your credit card company and say (to paraphrase Henny Youngman): “Take my credit card, please!”

You have to resist temptation here. My best advice: Put your hands on your head, and back away from the phone…”

Keep reading at the link below!

Credit to original article: http://goo.gl/Q4uI9