http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/ Tue, 18 Jun 2013 14:43:17 +0000 hourly 1 http://wordpress.org/?v=3.5 http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-16608 terrance davis Fri, 29 Mar 2013 11:50:13 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-16608 why is my credit score going down,while I am current on all of my bills?

]]> http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-15115 EFX Moderator, EM Thu, 31 Jan 2013 21:27:42 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-15115 Josh, thanks for posting. It’s hard to know precisely how a credit score will be affected by closing an account. Length of credit history is an important part of a credit report and closing an account will change that history. It’s most important to make sure that a debt is paid on time and in full. We have more information on how credit scores are calculated here: http://blog.equifax.com/credit/how-your-credit-score-is-calculated/. I hope that helps.

]]> http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-14978 Josh S Fri, 25 Jan 2013 22:36:22 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-14978 If you have a hign balance on a credit card and you are closing that account, your credit score will go up (e.g. $4,900 debt on a credit card with a limit of $5,000) – just make sure that account is not the olders you have on file.

]]> http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-14830 Pam H Mon, 31 Dec 2012 16:38:59 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-14830 How is my credit score affected if a revolving/credit card account is closed due to inactivity but the reason is that the company closed? It is on the credit report as closed at grantor’s request but I had not used it for over two years before the company went out of business. Then evidently the company was under the Sears umbrella since that is now how it appears on my credit report.

]]> http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-5759 EFX Finance Blog Editor, JF Tue, 27 Mar 2012 16:40:39 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-5759 @Susan – Glad to have been of help. Thanks for reading, and we hope to see you back again soon.

]]> http://blog.equifax.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-5687 Susan B. Volk from Mon, 26 Mar 2012 01:11:44 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-score-changes-how-does-closing-an-account-affect-my-credit-score/#comment-5687 Thanks for this article! I was looking for the FICO Score Simulator the other day and became frustrated when I couldn’t find it until seeing that you linked to it!

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