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If you close an account, does it lower down your credit score?
And would it make any difference if you closed or the creditor closed it?
Closing an account can impact your score in different ways. What kind of account is this? Is there still a balance?
Per FICO scoring, it doesn't matter if it was closed by you or the lender. They are scored equally.
The primary impact would be that if the account was closed in good-standing, once closed you will lose the CL on the account in subsequent calculations of your % util of revolving credit. Does the account have a substantial credit limit?
And, of course, the ultimate read; Closing Credit Cards. uber helpful!
