Credit Tip Series – Tip Number 5

Credit Tip 5

Credit tip number 5 is to use caution when closing accounts. Closing an older account isn’t always a good thing because it can cause your credit history to appear shorter and lower your score. If you’re anything like me you found out the hard way (back in my college days) after you already closed an account. Keep those accounts open so you build up a longer history of using credit so that your credit score will keep going up!


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