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You have an excellent score! Closing CCs can be a bit tricky. In the short-term changes in your available credit and credit used ration can adversely affect your scores. For more info read the closing credit cards link in my sig line.
wingscapsfan wrote:
Hi!I have a really good score (802) but the only thing hurting it is that there are 32 accounts open. Most of these I have opened over the years to get discounts at department stores, etc. and don't even use them. There are no fees, but I want to cancel them. A few months back, I cancelled 12 accounts and my score dropped 20 points. It's now back up, but will this happen again if I cancel more?Thanks!
10 years after date opened? date of last payment? date closed? Sorry--I know you have kindly explained this to death, but it's counter-intuitive, and so many people keep getting it wrong. thx
@Tuscani wrote:...while, in the long run, a closed account will be removed from your credit file after 10 years, which could lower your score at that time due to the loss of that history.
10 years after the CC is closed
haulingthescoreup wrote:
10 years after date opened? date of last payment? date closed? Sorry--I know you have kindly explained this to death, but it's counter-intuitive, and so many people keep getting it wrong. thx
Tuscani wrote:...while, in the long run, a closed account will be removed from your credit file after 10 years, which could lower your score at that time due to the loss of that history.