Ask Terry Questions credit card and credit score

credit card and credit score

By Terry Savage on August 10, 2020 | Credit/Debt

A retailer closed my credit card account during covid19, how does their initiation of the close effect my credit score?

Terry Says

Card issuers are closing cards all over the place — afraid that people will charge their basics and not be able to repay. Unless it is your “oldest” card, it won’t impact your credit much.

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