Does Closing A Credit Card Hurt Your Credit? Best Guide 2023

The Credit Pros Podcast
25/07/2025 2 min
Does Closing A Credit Card Hurt Your Credit? Best Guide 2023

Listen "Does Closing A Credit Card Hurt Your Credit? Best Guide 2023"

Descargar episodio Ver en sitio original

Episode Synopsis

Closing a credit card can negatively impact your credit score by affecting your credit utilization ratio and the average age of your accounts. However, in certain situations like divorce, high fees, or overspending temptation, closing a card may be justified. Proper closure involves redeeming rewards, paying off balances, confirming a zero balance, and checking credit reports.

More episodes of the podcast The Credit Pros Podcast

How To Get A Loan With No Credit? Best Guide In 2023 25/07/2025
Datos de tendencias: los profesionales del crédito 25/07/2025
Boletín de agosto - Los profesionales del crédito - Los profesionales del crédito 25/07/2025
Good Debt And Bad Debt - 3 Key Differences 25/07/2025
Credit Bureaus: Their Purpose And Profit 25/07/2025
Creación de crédito estudiantil: cómo generar crédito como estudiante 25/07/2025
Ahorre dinero con préstamos para estudiantes: dos formas sencillas 25/07/2025
¿Cómo funciona una línea de crédito sobre el valor de la vivienda (HELOC)? - Los profesionales del crédito 25/07/2025
Damon Decrescenzo sobre el podcast del CEO de 7 figuras 25/07/2025
¿Qué significa la crisis del coronavirus para sus finanzas? - Los profesionales del crédito 25/07/2025
© 2003-2025 ZARZA | AHEAD OF OUR TIME
privacy policy
In God we trust In God we trust
PreSales Questions? Click Here
or call our toll-free line at +1-888-5002068 Miami, Florida, USA