Does Cancelling a Credit Card Hurt Your Credit Score?
Cancelling a credit card can have unexpected effects on your credit score. Understanding the impact involves knowing how credit utilization, account history, and credit mix play roles in score calculations. Learn how making informed decisions about keeping or closing credit cards can help maintain or improve your financial health. Find out several tips to mitigate the potential negative impact on your credit score. Navigate the pros and cons of credit card management effectively.