Why Closing a Credit Card May Be a Risky Move for Your Credit Score
There’s no question that your credit card accounts influence your credit score, so closing a credit card may be a risky move. If you open a credit card account when you have little to no established credit history, the new account can help you build a better credit score. If you over-utilize your credit cards, they can negatively impact your credit score. And yes, if you close a credit card account, you may damage your credit score. We'll explore why in the article below,... read more »