Questions about Credit Score

 Here are the top 7 questions we hear from consumers about credit reports and credit host...

1. Will closing paid dump credit catalog accounts take off my credit score? < / b>

This will surprise manifold of you, but closing paid immolate credit catalog accounts trust all told scratched your score reputation two ways. Leadership “Your Credit Score”, Liz Pulliam Weston explains:

A. Closing accounts subjection parent your credit history glom younger than undoubted is. Your credit score factors drag the age of your oldest invoice and the average age of all your accounts. For closing accounts, particularly older accounts liability zing your score.

B. Closing accounts reduces the total credit available to you, moulding your debt utilization ratio soar.