7 Daring Insights On Closing Credit Accounts Impact

7 Daring Insights On Closing Credit Accounts Impact

You’ve probably heard the standard advice: never close a credit card because it will hurt your credit score. But what if that guidance is oversimplifying a much more complex financial decision? The reality is that closing credit accounts creates a cascade of changes across your entire credit profile, some immediate and others that unfold over years. While your closed account might continue boosting your credit age for the next decade, the sudden…