How can I cancel credit cards I have without getting dinged on my FICO score? April 19, 2010
Posted by Banking in : Personal Finance , 5comments
I have several credit cards that have annual membership fees required. But I do not use them and have no plans on using them in the future. I’ve been told that if I cancel these cards that my credit scores will suffer because of the cancellations. Is there a way to cancel these cards without causing anymore danage to my credit scores?
By: Edward G
About the Author:
By: Edward G
About the Author:
How long will credit score take to return to normal after opening a new credit card? November 3, 2009
Posted by Banking in : Credit , 3commentsJared asked:
I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?