Does having too many credit cards affect a credit score?

Answer On One Hand: Number of Cards Has No ImpactThe number of credit cards that an individual has does not affect his credit score. Having several credit cards can improve your credit score if you have s... Read More »

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Does canceling credit cards affect the credit score?

Canceling a credit card will lower a consumer's credit score because it increases their debt-to-credit ratio and shortens their credit history. Canceling a credit card also changes a consumer's cre... Read More »

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »

Upon cancellation delinquent travel charge cards may be reported to credit bureaus or similar entities and can affect your credit rating?

If I Negotiate With Credit Card Companies Myself, Will It Negatively Affect My Credit Score?

If you lose your income, you may find yourself with credit card accounts that you are having trouble paying. As these balances become past due and move further into delinquency, account holders may... Read More »