Credit report myths
Date: Fri, 08/31/2012 - 15:23
Myth 3 should be revised. Closing accounts MAY be dangerous due to decreasing the available balance on your credit cards. It is not a negative strike on your credit score to plainly close an account.
Here is a reference for more insight: http://www.experian.com/credit-education/credit-myths.html
Here is a reference for more insight: http://www.experian.com/credit-education/credit-myths.html
Yes, closing an account will in most cases hurt your score becau
Yes, closing an account will in most cases hurt your score because you lower your total amount of revolving credit.
