Does closing accounts raise your credit score? Also, are closed accounts figured in your credit ratio? Thanks in advance.
i've never lost points due to closing crappy cards, but lowering your available credit if you carry balances can be detrimental.
Remember DEBT TO CREDIT LIMIT RATIO... Owe $5,000 total...credit limits...$50,000~~~10% Owe $5,000 total...credit limits...$10,000 (because you closed two accounts)~~~50% JUST FOOD FOR THOUGHT.
