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Closing old CC will have any impact on score?


peddireddi

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Just now, peddireddi said:

want to know whether closing credit cards will have any impact on my credit score? Appreciate your inputs

Yes!!! Your credit score will decrease as the average length of the credit period decreases. If it is the oldest, then that card will have more impact.

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2 minutes ago, Ara_Tenkai said:

Yes!!! Your credit score will decrease as the average length of the credit period decreases. If it is the oldest, then that card will have more impact.

Gp

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