What Will Canceling Credit Cards Do To My Credit Score?
Which credit cards should you cancel to have the least negative impact on your credit score? Canceling old credit cards that you don’t use anymore shouldn’t have too much of an effect on your credit score as long as the remaining cards are kept to a balance below 50% of your available credit. Your credit score will be higher if you are using and repaying credit, rather than just holding onto some old credit cards.
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