Question

 Is closing a credit card account good or bad?

Answer On One Hand: Harms Your Credit ScoreWhen you close a credit card account, the company will stop reporting your credit history to the credit bureaus. Any negative information, such as delinquencies,... Read More »
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Top Q&A For: Is closing a credit card account good or bad

Will closing a credit card account affect my credit score?

Closing a zero-balance credit card account can negatively impact a credit score. This is because a credit score is based in part on the debt to available credit ratio. Therefore, when a zero-balanc... Read More »
http://www.answerbag.com/q_view/1882381

Can I raise my credit score by closing out an inactive credit account?

On One Hand: Closing Inactive Credit Accounts Will Not HelpMost experts agree that closing inactive credit accounts will not improve your credit score. According to John Ulzheimer at Credit.com, cl... Read More »
http://www.answerbag.com/q_view/2059588

What is a closing date on a credit card?

The closing date on a credit card refers to the date each month that statements are tabulated and sent to customers for payment. Only purchases made before the closing date will appear on your stat... Read More »
http://www.answerbag.com/q_view/2047899

What is meant by the closing date on a credit card statement?

The closing date on a credit card statement is the last day of a credit card billing cycle. This means that the closing date is the last day that transactions posted to a credit card account before... Read More »
http://www.answerbag.com/q_view/2253853


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