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  2. How Canceling Your Unused Credit Card Could Hurt You - AOL

    www.aol.com/canceling-unused-credit-card-could...

    If you were to close an unused credit card that has a $2,000 limit, your total available credit drops to $8,000, and your balance now represents 25% of your available credit.

  3. How to cancel a credit card without hurting your credit score

    www.aol.com/finance/cancel-credit-card-without...

    You have five credit cards each with a $1,000 limit, making your total available credit $5,000. Your regular monthly credit card expenses total $1,000. Your credit utilization ratio is 20 percent ...

  4. What happens if you don’t use your credit card? - AOL

    www.aol.com/finance/happens-don-t-credit-card...

    Closing an inactive credit card account decreases the amount of credit available to you and can have a negative impact on your credit score. However, closing unused credit card accounts can help ...

  5. Criticism of credit scoring systems in the United States

    en.wikipedia.org/wiki/Criticism_of_credit...

    Credit scores are widely used as the basis for decisions to allow or deny individuals the opportunity to do things such as taking out loans, buy houses and cars, and open credit cards and other kinds of accounts. [16] This has been criticized as a practice having discriminatory effects. [17]

  6. Credit score in the United States - Wikipedia

    en.wikipedia.org/wiki/Credit_score_in_the_United...

    So if a person has one credit card with a used balance of $500 and a limit of $1,000 as well as another with a used balance of $700 and $2,000 limit, the average ratio is 40 percent ($1,200 total used divided by $3,000 total limits). If the first credit card company raises the limit to $2,000, the ratio lowers to 30 percent, which could boost ...

  7. I've Never Canceled a Credit Card. Here's Why - AOL

    www.aol.com/ive-never-canceled-credit-card...

    Let's say that you have one credit card with a $1,000 balance and a $4,000 limit, and another credit card with no balance and a $1,000 limit. Currently, you're using 20% of your available credit ...

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