389: Will Closing This Credit Card Hurt Me?

Will closing my credit card negatively affect my credit score?

This week we hear from a listener who wants to close a credit card but they are afraid of what this might do to their credit score. There are 5 different components that determine credit scores and I’m breaking those down from most to least important to determine whether closing a credit card could result in any short or long-term negative impacts to your score. 

Read my Men’s Health article: The 'Avocado Toast’ Effect of Spending Is Totally Overblown

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