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  2. What to know before closing a credit card with a balance - AOL

    www.aol.com/finance/know-closing-credit-card...

    Credit history: Since the average length of your credit history makes up 15 percent of your FICO score, closing accounts can hurt your credit score in the short term and even over time if you don ...

  3. What to know before closing a credit card with a balance - AOL

    www.aol.com/finance/know-closing-credit-card...

    Closing a credit card account can also impact your credit utilization ratio if you have debt on other credit cards and revolving accounts. This factor makes up 30 percent of your FICO score, so ...

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

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

    The short explanation is that canceling a credit card affects several areas of the FICO credit scoring formula. First, and most importantly, 30% of your FICO® Score is based on the "amounts you owe."

  5. Is closing a credit card bad? - AOL

    www.aol.com/finance/closing-credit-card-bad...

    Closing your only credit card can affect your credit mix. Your credit mix refers to the different types of credit accounts you have. That includes revolving accounts, like credit cards, and ...

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

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

    When you close a credit card account, you reduce your total available credit. This may increase your credit utilization ratio, which can decrease your credit score. Here’s an example:

  7. How length of credit history affects your credit score - AOL

    www.aol.com/finance/length-credit-history...

    For instance, closing an old credit card has a higher impact on your credit score because it increases your credit utilization — not because it reduces your average credit age.

  8. How to cancel or close a credit card - AOL

    www.aol.com/finance/cancel-close-credit-card...

    Closing a credit card can be the right choice under some circumstances, but there are some misconceptions about how a closed account could impact the age of your credit’s length of age and by ...

  9. If I Pay Off a Credit Card, Will My Credit Score Go Up? - AOL

    www.aol.com/news/pay-off-credit-card-credit...

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