Why You SHOULDN'T Close Your Credit Card (Score Drop)

A mistake many people make: "My card is paid off, time to close it!"
If that's you, STOP and ask yourself why you're closing it – it could hurt your credit score instead of boosting it.

The reason is because a major factor your score takes into consideration is your Utilization. It's not just about outstanding debt.

When you close a credit card, any good utilization is gone form that calculation.

Michiganders, talk to Greg Goddard more about how to get yourself in a good position to buy a house: (734) 915-2332

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Call any time: (248) 429-9383

Learn about the VA Loan Process:
https://www.knerealty.com/veteransact...

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KNE Realty Group 360
207 N. Michigan Ave, Howell, MI 48843
Office: (248) 429-9383