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 »

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 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 »

Does checking your credit affect your credit score?

Credit scores are checked by various people including insurance companies, prospective employers, creditors and credit card companies. Individuals may also check their credit scores. According to P... Read More »

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 »