Some folks believe that closing out an older credit card with a higher interest rate will help their credit score. They might close one of their first credit cards acquired. They might assume that shredding credit cards will help boost a credit score. It seems logical that closing cards with a higher interest rate and will improve the score; however, closing an older credit card won’t help your score. It might hurt your score. Call Sue Craig, Independent Financial Coaching, to implement the correct methods to improve your credit rating.
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