Will closing a credit card account affect my credit score?

Answer 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 »

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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, cl... Read More »

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 »

Does Applying for a Credit Card Affect Your Credit Score?

Credit cards are a fact of life, and for some a way of life. Many factors determine whether they're an asset or a liability. Your credit score determines what you will pay for more credit, future c... Read More »

Does opening a credit card affect a credit score?

When you open a new credit card, an inquiry is recorded on your credit report which negatively impacts your credit score. However, if you pay your credit card as agreed, your credit score can impro... Read More »