Closing Out Credit Cards

Credit card related.

Closing Out Credit Cards

Postby jnjblogger on November 30th, 2007, 10:53 pm

I have heard that it is damaging to your credit score if you close down a credit card? Is this true? I have several cards that I do not use and have thought about closing the accounts. Obviously, I do not want to do this if my FICO score will take a hit.
User avatar
jnjblogger
 
Posts: 55
Joined: November 23rd, 2007, 7:39 pm

Return to Everything About Credit Cards

Who is online

Users browsing this forum: No registered users and 0 guests

cron