Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...
This is the biggest short-term risk. Credit utilization accounts for up to 30% of your FICO® Score. You want to keep this number low, but it can jump overnight when you close an account. Credit ...
This is read by an automated voice. Please report any issues or inconsistencies here. See more from the L.A. Times in Google Search. Set us as preferred Dear Liz: I’m 75 and getting forgetful and ...
Let's say you've got a credit card with a $15,000 limit that you haven't used in years. You're tempted to shut it down to simplify your wallet -- and hey, no harm done, right? Not so fast. As someone ...
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How might closing a credit card hurt your credit score?
Discover the effects of closing your credit card on your credit score, including credit utilization. Learn best practices for ...
Image source: Getty Images Canceling a credit card sounds simple -- call the issuer, close the account, done. But depending on which card you close and when, your credit score could take a big hit.
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