Question

 Does it hurt a credit rating to cancel a paid off credit card?

Answer Closing a paid off credit card can lower your credit score because that card will no longer report that you are on time with your payments each month. In addition, it will increase the percentage o... Read More »
http://www.answerbag.com/q_view/1881856

Top Q&A For: Does it hurt a credit rating to cancel a paid o...

Can your credit rating or score improve without using your credit card?

On One Hand: Using Credit Cards Improves Credit ScoresIndividuals can improve their credit score by regularly using their credit cards. An individual's credit score is determined by the status of t... Read More »
http://www.answerbag.com/q_view/1994463

Does transferring balances to another credit card hurt your credit?

Transferring balances does not directly impact your credit score, according to CreditCards.com. It can, however, present problems that eventually hurt your score. If done too much, you could miss a... Read More »
http://www.answerbag.com/q_view/2243835

Does applying for a credit card hurt your credit score?

Applying for a credit card grants the credit card company permission to conduct a credit inquiry. Some forms of credit inquiries, like those performed by lenders and prospective creditors, can redu... Read More »
http://www.answerbag.com/q_view/2199906

What is the best credit card for a bad credit rating?

On One Hand: Orchard Bank Offers Four ChoicesWhen you look through credit card applications online at traditional sites such as CreditCardGuide.com, you will see that Orchard Bank is mentioned seve... Read More »
http://www.answerbag.com/q_view/1967102


feedback
loading