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HOW & WHEN TO CANCEL A CREDIT CARD (OR NOT!) …and how it will affect your Credit Score

Cancelling your credit card is sometimes the right option. So what are the correct times to cancel a credit card and how will it affect your credit score? Matthew Pillmore, President of VIP Financial Education, discusses the situations where closing a credit account makes sense, how it will affect your credit score due to credit utilization ratio and various alternatives to cancelling that account.

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Credit Repair is an additional service offered by The Latimore Group and it’s affiliated partners. This site is hosted and maintained by the Latimore Group, REALTORS® with Keller Williams Realty, Columbia NE. Financial Education Services and it’s partners are not affiliated with Keller Williams Realty. These trademark holders are not affiliated nor do they sponsor the The Latimore Group.

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