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I've read that closing accounts after they've been paid off can actually hurt your credit score. Among the factors considered in calculating your credit score is the length of the credit history you have, so a history of accounts that have been paid on time is better than a recent history of fewer accounts.
What else can I help you with?
Can opening and closing credit cards hurt your credit rating?
NO! Not if you have paid the credit off before you get another one. Or if you are paying one credit card off with another, you can only do that so much befor it will hurt your cerdit.
How can you get a credit card with poor or bad credit?
There are pre-paid cards and secured cards available for those with poor credit.
How can I obtain credit cards for free?
You cannot obtain credit cards for free. Credit cards typically come with fees and interest charges that must be paid by the cardholder.
How can you find a credit card for bad credit?
There are many pre-paid cards and secured credit card options for those that have poor credit.
Can i get a credit card with bad credit?
Yes there are secured credit cards available to those with credit issues and also pre-paid options
Can opening and closing credit cards hurt your credit rating?
NO! Not if you have paid the credit off before you get another one. Or if you are paying one credit card off with another, you can only do that so much befor it will hurt your cerdit.
How can you get a credit card with poor or bad credit?
There are pre-paid cards and secured cards available for those with poor credit.
How can I obtain credit cards for free?
You cannot obtain credit cards for free. Credit cards typically come with fees and interest charges that must be paid by the cardholder.
If you pay off all your credit cards off and close the little ones will it bring your credit score up?
Actually closing a paid account can hurt your score, just pay it off and cut the card up or put it in a sock draw.
How can you cancel contracts with pre paid credit cards company?
According to my knowledge, prepaid credit cards do not have contracts. The reason being is the credit card is prepaid. This means that the card is already paid for, therefore there is no contract to be signed in the first place.
How can you find a credit card for bad credit?
There are many pre-paid cards and secured credit card options for those that have poor credit.
Can i get a credit card with bad credit?
Yes there are secured credit cards available to those with credit issues and also pre-paid options
When figuring out instrest paid between credit cards is it not added together?
No, multiplied.
What are the benefits of only accepting cash vs taking also credit cards?
If you take credit cards at your business, you will be charged a fee for service. It will be a percentage of the amount paid by the card holder. If you get paid in cash, it is ALL yours!
Should you close paid off cards or keep them open?
If you're not going to use them again, close them out! Even if your balance is paid up, active CC accounts appear in your credit report, and could be counted against you if you need to take out a loan or line of credit again.
Does closing a credit card account which was always paid on time harm your credit score?
Strangely enough, yes it does negatively but temporarily affect ones credit score.
Can i buy wow using a prepaid credit card. If yes Can i Buy it online Using a PrePaid Credit Card?
Yes.Pre-paid Credit/Debit cards work just like regular cards.
