Thinking Of Closing Your Credit Card?

Credit CoachEducation

Not so fast! We’ve all been there when a credit card company does something that aggravates us and we think closing the account will prove a point.  The reality is if you close the account or not they don’t care, but your credit scores do.  

When you close your credit card this stubs the history of the account and doesn’t allow for you to gain anymore history.  For example, you have a 3 year old credit card if you close the account that’s all you’re going to get from them is 3 years of payment history.  Leaving it own allows you to dictate how many more years of history you can add to your credit report.

Members in our program have access to credit experts that are available when you have questions like this and we don’t charge extra for it.  It’s all included in your monthly membership.