When rebuilding your credit score will closing a credit account once it's paid in full have a negative impact on the score?

Asked by Cfeeney52

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Answered by Richard Stone, Mortgage Broker in Lancaster, PA
If you have 3-4 other open credit cards or revolving accounts with very low or zero balances and have been opened a longer time then it probably would not hurt your score, but it many cases it could. Everyone's credit profile is different so it is probably more of a case to case question for an individual credit profile. | 04.07.16 @ 16:29
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$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:17
Answered by Richard Grant, Financial Adviser in Gilbert, AZ
Yes, it will. | 04.07.16 @ 16:30
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$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:17
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