This week on the Ilyce Glink Show, we spent a lot of time talking about credit and credit scores. A number of callers were unaware that if they canceled their older cards, they could be tanking their credit score. We also recapped all the big financial news of the week, including the record number of foreclosures and delinquencies, and the news that Countrywide is laying off up to 12,000, or 20 percent of its workforce.

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