Closing credit cards bad for credit score?
2:04
Closing credit cards bad for credit score?
Nov 21, 2011
CNN
24K views · 81 reactions | When switching credit cards, is it best to close the old account first or wait for approval on the new one before closing? | Suze Orman | Facebook
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24K views · 81 reactions | When switching credit cards, is it best t…
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Avoid closing credit cards out of anger
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💳 Closing your credit cards can actually boost your borrowing power! Even if you don’t owe anything, banks still assess your credit limit as if it’s a potential debt. So that $10k limit you never use? It could reduce your borrowing power by $40k–$50k 😬 💡 If you’re preparing to buy or refinance, trimming unused credit cards could make a big difference in what you can borrow. | Aaron Brewer - Mortgage Broker
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💳 Closing your credit cards can actually boost your borrowing po…
39 views1 month ago
FacebookAaron Brewer - Mortgage Broker
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