<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ExpoTrac:
If you read the article carefully, it does not say that cancelling a credit card negatively affects your credit score.
It does say that consolidating a number of credit card balances to just one or two cards and cancelling the others may negatively affect your score, since you will now have a higher outstanding balance vs. credit line on those remaining cards.</font>
I believe that ExpoTrac is correct in his assessment of what the article says.