HOW & WHEN TO CANCEL A CREDIT CARD (OR NOT!) ...and how it will affect your Credit Score

Cancelling your credit card is sometimes the right option. So what are the correct times to cancel a credit card and how will it affect your credit score? Matthew Pillmore, President of VIP Financial Education, discusses the situations where closing a credit account makes sense, how it will affect your credit score due to credit utilization ratio and various alternatives to cancelling that account.

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