The 'Responsible' Move That Quietly Wrecks Your Score

It feels like the mature thing to do. You've got cards you don't use, so you close them and clean up your wallet. But in the counterintuitive world of credit scoring, closing a credit card — especially an old one — can drop your score by 30 to 60 points with zero warning. Harry Jacobs explains the two-hit combination that closing a card delivers to your credit score: the utilization spike and the history loss. You'll hear about the man who closed a card he'd had since 1998, lost 45 points, and spent a year recovering — and learn the simple alternatives that protect your score without keeping cards you don't want. In credit, sometimes the right move is to do nothing. If you would like a free consultation with Harry Jacobs at Credit Restoration of Nevada, text CREDIT or call 702-778-2000. You may also visit us online at TheCreditShow.infoSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.