By: Dave Hanson
Hi TFB, You write, “The scores show that canceling my oldest credit card didn’t really hurt my credit.” Actually, the most they can show is that canceling the card didn’t hurt your credit YET. That is...
View ArticleBy: TFB
Dave – Thanks for your comments. In the linked post in which I reasoned why I canceled my oldest credit card, I also wrote “I have on my credit report accounts I opened 15 years ago and subsequently...
View ArticleBy: ninjaFred
TFB, you’re right that columnists who say “closing a card will hurt your credit score” are oversimplifying things. And so are you. Closing a card has no immediate effect (key word being “immediate”) on...
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