No. I only paid off approximately 8 credit cards with the highest interest to bring her utilization down to 40%. She still has one card at 95% utilization but it is at 8% interest. But, we did not close any of the cards at all...only paid them off and her credit fell 30 points.
She has one card with a 12k limit that has 10k debt at 8% interest, and 10 other cards that were previously maxed out but now with 10k open credit with 0 balances. I'm not sure how it happened.
