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re: Cancelling a credit card and its impacts
Posted on 1/21/17 at 4:45 pm to lsugrad35
Posted on 1/21/17 at 4:45 pm to lsugrad35
My bank website had a credit score tool. You could input possible changes, such as cancelling an account of so many years, adding a card, being late on a payment, etc., and it would show you the anticipated effect on your score.
Cancelling cards had almost zero impact on my score.
I really did later drop one that I'd had for 20 years and saw no change.
Cancelling cards had almost zero impact on my score.
I really did later drop one that I'd had for 20 years and saw no change.
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