How Closing A Credit Card Affects Your Credit Score

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How Closing A Credit Card Affects Your Credit Score

When it comes to the best ways to increase your credit score, there’s a lot of information (and misinformation) floating around out there about it. For example, many people falsely assume that closing a credit account will automatically increase their score. This could not be farther from the truth. In fact, in most cases, closing a credit account will put a ding in your score. This article explains why.

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