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| *Loan,banking and credit>>>credit score |
Does closing out your good standing credit cards negatively affect your credit score? |
Does closing out your good standing credit cards negatively affect your credit score? Pengy is on the money. Partial of your credit score depends on your dept to credit ratio. Not to mention, if these cards are the oldest (in time) you have, it will reduce your open credit length of history. If you no longer need those cards, get some scissors and slice away. :) Yes it decreases your available credit to debt ratio a major factor in your Fico scoring No, and it positively affects your sleep. If you have any debt at all , your debt to available credit ratio will go up ( your available credit decreases when you close accounts) So it looks like you are less able to manage debt . It will be negative on your FICO if you have debt , But if you have None , then the ratio won't change . ( of course the next debt you incur will have the same ratio problem ) >>>>>>>>>>>>>>>>>>>>>>>>>> |
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