Usually, you are not required to cancel credit cards you pay off with a consolidation loan. As you mention in your question, the primary benefit to keeping the credit cards open is to maintain your positive payment history. If you do decide to keep the accounts open, make sure that you do not charge up a new balance. A common pitfall for consumers who consolidate debts is that they then charge their credit card accounts back up, leaving them with twice the debt that they started out with. And in many cases, half of that debt is now secured by their home.
Very quickly, if you want a free debt consultation with one of Bill's approved debt help partners, click here: Debt Consoldation Quote
If you are considering a debt consolidation loan, I definitely encourage you to get rid many of the accounts you paid off with the consolidation loan so that you are not tempted to use the cards again and put yourself in a worse financial bind. You can keep one or two of the accounts open for emergencies, and to maintain accounts with a long payment history on your credit report, but you should try to pay off any charges made on the accounts at the end of each month, if at all possible. If you are interested in a debt consolidation loan, you should check out the Debt Consolidation section of the Bills.com website at: Debt Consolidation
You can also submit your information on the Bills.com Savings Center, found near the top of all Bills.com pages, and we can match you with potential loan providers to discuss debt consolidation loans options that fit your needs.
I hope this information helps you Find. Learn & Save.