06-18-2019, 04:42 PM
testcase wrote:
Surprisingly, closing an account can (and often does) have a negative impact on your credit score.
I closed a Visa CC account recently that I hadn't used in years -- the closure had zero impact on my credit score. Like wurm, my credit score is above 825.
Perhaps the amount of credit available on the closed account had something to do with it -- the closed account had an approximate $2K limit, while my remaining cards all have limits between $25K and $30K.