Canceling A Credit Card Can Hurt Your Financial Reputation

Business stories from Newsday, Long Island Newsday: Business
Sat, 06/15/2019 - 3:00am

Although you might think canceling a card would help your credit score, there are reasons this can hurt you.

Topics: canceling credit card hurt

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BING NEWS:

Credit card usage is up as inflation continues to rise
Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt.
05/24/2024 - 5:00 am | View Link
Student Loan Forgiveness Deadline: You Have One More Month to Maximize Your Debt Relief
Your student loans could be automatically cancelled if you qualify for forgiveness benefits after consolidating your loans.
05/23/2024 - 5:23 pm | View Link
When credit card debt forgiveness is worth it (and when it's not), according to experts
"Rarely will a credit card company simply take less than they are owed just because a consumer asks them to do that. Rather, they are more likely to lower your interest rate, reduce fees, or offer a ...
05/23/2024 - 3:28 am | View Link
How many credit cards should I have?
Having multiple credit cards can help you earn more rewards and boost your credit score, but you’ll need to juggle multiple payments. Learn more about the pros and cons of a multi-card strategy.
05/21/2024 - 7:17 pm | View Link
How to cancel a credit card: Steps, impact on credit score & more
In most cases, you cannot reopen a canceled credit card account. If you change your mind after canceling a card, you'll typically need to apply for a new account, which will result in a hard inquiry ...
05/20/2024 - 7:22 am | View Link
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Canceling A Credit Card Can Hurt Your Financial Reputation

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