Posted by: nepalviausa October 11, 2010
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for hit.the.hot
yes it does affect your history in long run. It used to be almost 5 years, for the record to get off of your file, but they now have changed it to 7 years to totally clear of from the file. The best thing that you can do is, try repaying off the minimum dues than to canceling it, till you can figure out something else to repay the debt. by closing the account, you are giving them the chance to, have your record pulled out sooner and start selling your debt to the collection agencies, who will then put some extra % in your debt and than they will start sending you the bills and notices for payment.
About you 2-3 closed credit account. Is that the account you have already paid off or You still need to pay and you have already closed it. can you please clarify it.
Anyway, our suggestion for you is trying to find some way to repay the debt, till than paying off at least the minimum dues that you have been provided from the creditors.
Good luck for your future.
nepalviausa 
always there.