Will my FICO score go down if I close a credit card account and open a new one?
Posted in Income Statements on 10/03/2010 10:24 am by
Dondeep asked:
I recently turned 18 and I have 2 credit card accounts. I am a secondary account holder for both (which still does affect my credit score). I have made sure to make full payments every month for them. I want to maximize my credit score, so should I close an account and open up a new account where I am the only account holder? Would closing my credit card account affect my FICO score?
Jim
I recently turned 18 and I have 2 credit card accounts. I am a secondary account holder for both (which still does affect my credit score). I have made sure to make full payments every month for them. I want to maximize my credit score, so should I close an account and open up a new account where I am the only account holder? Would closing my credit card account affect my FICO score?
Jim