Question

 Does opting out on your credit cards affect your credit?

Answer New 2009 U.S. legislation requires that credit card companies allow people to opt out of credit cards when the company changes its policy. While opting out of credit has no effect on a credit score... Read More »
http://www.answerbag.com/q_view/1882892

Top Q&A For: Does opting out on your credit cards affect you...

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

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 »
http://www.answerbag.com/q_view/2125577

Does having too many credit cards affect a credit score?

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 »
http://www.answerbag.com/q_view/1973039

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 »
http://www.answerbag.com/q_view/2093143


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