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What happens to your credit score when you cancel a credit card? March 18, 2010

Posted by Credit in : Other - Food & Drink , 1 comment so far
juliet asked:


say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.

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