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Chapter 3. Improving Your Score—The Righ... > Step 4: Don't Close Credit Cards or ...

Step 4: Don't Close Credit Cards or Other Revolving Accounts

If your goal is to improve your credit score, don't close any of your current accounts. Closing credit cards and other revolving accounts can never help your score, and it might actually hurt it.

Shutting down accounts reduces your total available credit, and that makes your balances loom larger. That narrowing of the gap between the credit you're using and the total credit available to you is one of the things that can hurt your score.


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