Should You Close Some Accounts to Raise Your Credit Score?

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Should You Close Some Accounts to Raise Your Credit Score? – This is a place for the community to provide tips and advice on Should You Close Some Accounts to Raise Your Credit Score?. This topic was created by kjc 210 and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Closing Accounts Affects Your Credit Health

Published: 9 years, 6 month(s) ago | Submitted by sudhakar srivastava | permalink

Closing a credit card or paying off a loan may affect your credit in numerous ways. Prepare yourself for possible changes by learning more.
Tags: closed accounts, credit cards, loans, credit health, credit scores, credit karma, debt, credit card utilization

For further reading: https://www.creditkarma.com/article/closing-accounts-credit-effects ^[1]

Tip 2 - Can I Improve Credit by Closing Credit Card Accounts? | Nolo.com

Published: 9 years, 6 month(s) ago | Submitted by frederic HENRY - BIABAUD | permalink

Should you close credit card accounts as a way to improve your credit score? In some situations, the answer is yes.

For further reading: http://www.nolo.com/legal-encyclopedia/can-i-improve-credit-closing-credit-card-accounts.html ^[2]

Tip 3 - 4 Ways to Raise Your Credit Score in 2015

Published: 9 years, 6 month(s) ago | Submitted by Diogo da Silva Spina | permalink

When making New Year’s resolutions, why not add ‘improve my credit score’ to the list?
Tags: LTMoney,personal finance,credit,credit scores,credit cards,debt,Best You: Saving & Spending,money,Reboot Finances: Repair,rebootyourfinances,Abby Hayes

For further reading: http://money.usnews.com/money/blogs/my-money/2014/12/29/4-ways-to-raise-your-credit-score-in-2015 ^[3]

Tip 4 - 11 Ways To Raise Your Credit Score, Fast

Published: 9 years, 6 month(s) ago | Submitted by Tom Cryer | permalink

A recent survey from the National Foundation for Credit Counseling indicates that more people would be embarrassed to admit their credit scores (30%) than their weight (12%). While crash diets don’t usually work and can be unhealthy, it is possible to change your credit score fairly quickly. But just as with [...]
Tags: Investing,Personal Finance,Credit card,Curtis Arnold,Donna Freedman,Home Shopping Network,National Foundation for Credit Counseling,TransUnion

For further reading: http://www.forbes.com/sites/moneybuilder/2014/05/02/11-ways-to-raise-your-credit-score-fast/ ^[4]