While it may sound like a good idea in theory, closing accounts negatively affects your credit history in two ways. (wisebread.com)
A credit repair firm can help you remove that item from your credit report, so that it doesn't affect your credit history and score. (repairmycreditnow.com)
Credit lines that have gone into collection will negatively affect your credit history as well as late payments. (treesfullofmoney.com)