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will closing credit cards that are not being used increase score |
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Date:
June 7, 2007, 11:35 pm |
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will closing credit cards that are not being used increase score |
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Answer:
Thank you for addressing your requests to our service. In fact, if you close all of your accounts, it will be much worse. This will affect your credit score in a negative way. And it is much better to transfer your balances to a credit card which is most preferable for you, but keep the rest of the accounts open, even if you do not use these ones. It is quite favorable for a bank, when you do not close the accounts started with them. |
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