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What Happens When You Close A Credit Card Account? [Solved]
For starters, when you close a credit card account, you lose the available credit limit on that account. This makes your credit utilization ratio, or the percentage of your available credit you’re using, jump up—and that’s a sign of risk to lenders because it shows you’re using a higher amount of your available credit.15 Jul 2019
Should I Close a Paid Credit Card Or Leave It Open?
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How Does Canceling a Card Affect Your Credit Score?
AskSebby P.O. Box: Sebastian Fung 1450 Sutter St. PMB 218 San Francisco, CA 94109 Frequently asked questions about …
Should I Close My Credit Card Accounts?
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