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What Will Canceling Credit Cards Do To My Credit Score?

Which credit cards should you cancel to have the least negative impact on your credit score? Canceling old credit cards that you don't use anymore shouldn't have too much of an effect on your credit score as long as the remaining cards are kept to a balance below 50% of your available credit. Your credit score will be higher if you are using and repaying credit, rather than just holding onto some old credit cards.   Play video




Featured video
Should You Use A Credit Monitoring Service?

Do you need a credit monitoring service? You can pull your credit report once a year for free from each of the three credit reporting bureaus from AnnualCreditReport.com, but you might want to monitor your credit more frequently. If you feel that you are at risk for identity theft, your personal information has been compromised, or you just want to keep an eye on your credit score, you might want to use a credit monitoring service. With a credit monitoring service you should be able to see your credit report and credit score, be notified when any changes occur, and depending on the service, freeze and unfreeze your credit file.   Play video




Latest Articles and Videos

What Will Canceling Credit Cards Do To My Credit Score?
Should You Use A Credit Monitoring Service?
What Kind of Accounts are on Your Credit File?
Protect Yourself From Identity Theft With a Credit Freeze
How To Detect Credit Problems and Identity Theft
How To Keep Your Identity and Credit History Safe
How To Protect Yourself From Identity Theft
Identity Theft and Credit History Damage
Selling Your Own Home (FSBO)
For Sale By Owner: Selling A High-Priced Home
Use A Real Estate Attorney Even When Selling By Owner
What To Do If You Can't Sell Your House
Take Charge Of Your Home Sale With FSBO
FSBO Tips From Former Realtors
Market Your FSBO Home On The Internet
Adding An MLS Listing To Your FSBO Strategy
How To Price Your Own Home To Sell
Staging Your Home Before Selling
What To Do Before Listing Your Home For Sale By Owner
FSBO Internet Packages and Options



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