Closing a credit card can impact your credit score in several ways. One of the most immediate effects is on your credit utilization ratio, which is the percentage of available credit you're using. By ...

Many people are cautious when it comes to managing their credit cards, and for a good reason. Closing an old credit card might seem like a good way to avoid unnecessary debt, but it can actually harm ...

There’s no limit to how long you can keep your credit card open. Closing a credit card can decrease the average age of your credit history and increase your credit utilization ratio — both of which ...

A 21-year-old Reddit user recently shƒ20ared a post that sparked hundreds of replies after revealing he has 20 credit cards ...

Closing a credit card can increase your credit utilization rate and drive down your credit score. As a result, keeping your ...

More than a third of all Americans have a credit score below 670, according to Experian. And many don’t realize what’s hurting their credit until they’re denied a loan or hit with higher costs. Your ...

A Reddit user currently has eight credit cards and he wants to go down to three. Normally, closing cards isn’t a great idea, but some of his cards charge high fees with no real benefits. The poster ...

Does unemployment affect your credit score? Unemployment won't directly affect your credit score. Your credit score is a reflection of your history with credit accounts, not your situation. But if ...

Thinking about getting a business credit card? If you're like most small business owners or solo entrepreneurs, one of your first questions is probably, "What credit score do I need to get approved?" ...

You never want to carry a credit card balance. Choose a credit card that will reward your regular spending. Closing old credit cards can hurt your credit score. Credit cards can be your best friend or ...

Does unemployment affect your credit score? Unemployment won’t directly affect your credit score. Your credit score is a reflection of your history with credit accounts, not your situation. But if ...