Leaderboard
Wiki User
Answered 2007-07-27 15:30:57
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
Your Answer
Still have questions?
Related Questions
What is fair credit billing act?
Who does the Fair Credit Billing protect Who does the Fair Credit Billing protect
How to get credit card billing address?
i cant remember my credit card billing address
Where is credit card billing address?
You will find credit card billing address on statement.
How does loss before income tax affect accrued expenses?
loss before income tax affect accrued expenses is to avoid the billing of credit
What is the fair credit billing act?
The Fair Credit Billing Act is a United States federal law. Its purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in open-end credit accounts. The law was enacted in 1975.
Does roblox keep on billing your credit card when your bc expires?
No, Roblox stop billing your credit card when your bc expires
Where can you find your billing address for your credit card?
Your credit card statement whether online or in the mail is a good place to look for your billing address for your credit card.
How do loans affect credit scores?
Here is an excellent guide to outline how loans might affect your credit score. http://www.moneysavingexpert.com/loans/credit-rating-credit-score It also offers a Credit Checker tool which could prove very useful.
Does Quickbooks automate billing?
Yes, automated credit card billing is available for the 2008 Quickbooks and newer. This will allow for automatic charging of a customer's credit card.
What is billing zip code?
Often, when you a placing an order with a credit card you will be asked for your billing address and zip code. That is the zip code that is listed on your credit card statement.
How you know billing address line of your visa card?
The billing address of your Visa credit card is the address that your visa credit card statement is sent to. Most banks issuing Visa credit cards have online sites available to their users. Registering online should reveal your billing address.
Is 781 an excellent credit score?
VERY Excellent !!
When cancelling a credit card is it necessary to call any credit agency and let them know about the cancellation?
No. The CC will list your account as closed on your CR.
Do you need a credit card for Earn2Life or any other billing information?
No, you don't need a credit card.
How do you enter billing a credit customer in journal entry?
debit accounts receivableCredit sales revenue
How do you change your billing address of BPI credit card?
You will need to contact customer service to change your billing address of your BPI credit card. You can also send in the new address with your next payment.
Will Bad Credit Affect My BCA Request?
A BCA isn't based exclusively on your credit rating. The lender considers several factors to find out your approval. Therefore there is no need that you should have good-to-excellent credit to be able to get an advance.
Is cancelling credit cards the same as consolidating them?
"No cancelling credit cards is having them made unavailable for any more charges, while consolidating credit cards is putting them all together on one bill much like you would consolidate nay other debts . Then you have one payment ot make instead of several."
What is credit card billing address?
A billing address is the address where you are receiving the statements for your credit card. For your order to be approved when shopping online the billing address has to match this address since it is the registered address on the card. In the USA, many online merchants require a US billing address. They do this to protect themselves against credit card fraud. The AVS (address verification software) credit card processors use helps them detect when credit card data is submitted incorrectly. Not having a US billing address can be prevent you from placing orders on US websites from outside America. US Unlocked is a company that has solved this issue, by providing a US billing address to international online shoppers.
How do you go about cancelling a deceased persons credit cards?
A good place to start would be to contact the credit reporting agencies and request a copy of the deceased's credit report to notify the creditors.
Which federal credit law protects you against an unauthorized use of your credit card?
Fair Credit Billing Act (FCBA) which passed in 1975.
Does cancelling a credit card affect your credit score?
Yes, canceling a credit card always reduces your credit score. It never improves your credit score if you cancel a credit card account. If you have had the card for more than 2 years, or if you have a substantial amount of available credit at the time that you close the account, then the reduction in your credit score is even greater. However, if it makes sense to you to close the card, and you do not plan large purchases in the near future, your credit will recover without your feeling the difference.
What are the benefits of VOIP billing?
VOiP billing is a really helpful type of billing method. It works best for people who want a safe and secure billing method that has no hidden charges or hassle fees. It is safe and secure and also helps in credit spending.
Does cancelling a credit card you haven't used in a while lower your credit rating?
The length you've had a card does help your credit score. That's why they say to keep the old ones. Plus your ratio of available credit to your balance is important.
If you pay off the balance do you have to pay interest?
No, if you completely pay off your credit card before the next billing cycle, you dont have to pay any interest. Check with your credit card company to see what their billing cycle is
