There is no direct amount of points that your score will drop. It is all based on your previous credit rating, the timeframe of last negative mark on your credit, the amount of time since charge off, and the amount of credit you have and how its has been handled.
There are many factors in credit scoring. Closing an account should not make it drop in score. Especially if it is a small amount of credit available.
Not by receiving credit. However, when a number of organizations keep looking into your credit, it does lower the score slightly.
It doesn't affect it at all.
credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.
Yes the credit card companies suspect that you suspect you think your score is bad therefore making it bad.
Yes. Your length of credit history alone can affect your credit score. Yes. A drop in your credit score does not indicate anything illegal.
No, but it will if any of them decide not to lend to you.
While there's no definitive answer with respect to how many points your credit score may drop after a collection, a collection account is a clear indication that a loan, credit card or retail card was not repaid and payment history is one major contributing factor to your credit score. This can have a negative impact on your credit score.
A recent late payment can drop your credit score about 60 points.
It will remove the available amount of credit from your total sum of available credit. Chances are if it was only a very small amount(like a $1,000.00 or less) it won't make a difference. However if it was a larger amount that will reduce your available credit ratio/vs debt, that could drop your score. Check out EQUIFAX.com for an educated info on most or all credit score etc questions.