Closing the credit cards won’t assist though now they’ll still be listed on your credit report.
I’ve unstylish reading conflicting statements about exactly what closing a credit card does to your credit score. see what Craig Watts, FICO Public Affairs Director, has to say about a few misconceptions and exaggerations about how your FICO score is affected by closing a credit card. Closing Credit Cards Affects Your FICO Score tells you what’s true and not true about FICO scores and closed credit cards.
Closing Credit Cards and Your FICO Score originally occured on About.com Credit / note Management on Thursday, January 21st, 2010 at 00:16:43.
Permalink | Comment | e parcel that
For exemplification, one personal home page stated closing a credit card with a balance hurts your credit score, another home page said it didn’t. So, rather than guess up about the true pleas, I went straight to the source - FICO.
You may control your credit score to find that your credit score is being pulled down whereas you have too bounteous credit cards.
Posted under Credit Repair
This post was written by admin on January 26, 2010
