Closing a credit account might sound like ripping off a Band-Aid: sweet release. But it’s not always that cut and dry. While it sometimes makes sense to close an account, it’s not something you should do without considering potential consequences on your credit history and score. Here are the factors you need to consider before you pick up the phone to cancel your credit accounts.
The Potential Benefits of Keeping Accounts Open
There are a few reasons why you might want to think twice before going through with closing a credit account. These are some of the top things you should consider:
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Should You Close Old Credit Accounts?
