Credit counselors answer questions about credit and debt – USA TODAY
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Financial literacy is sort of like the weather: everybody talks about it. But are we becoming smarter about our money? Recent surveys suggest that we’re not: Young adults fare poorly on financial literacy tests, and their parents don’t do very well, either. As Financial Literacy Month comes to a close, USA TODAY teamed up with members of the National Foundation for Credit Counseling to answer some frequently asked questions about credit cards, credit scores, student loans and other types of debt.

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Q: I have some retail store credit cards I haven’t used for years. Is it better to close the account with the store or simply cut up the card?

A: This is a quite common question, especially among consumers who do not carry a balance on their retail cards. It’s natural to want to close an account that is no longer in use. However, if…………… continues on Credit counselors answer questions about credit and debt – USA TODAY

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