Why You Shouldn’t Close Old Credit Accounts

Thinking of closing an old credit card? Think again! In this episode, Peter of Expedition Money dives into why keeping existing credit accounts open is crucial for maintaining a healthy credit score. Learn how length of credit history, credit utilization ratio, and a diverse mix of credit types impact your credit score. Plus, get practical tips on how to keep your accounts active and prevent creditors from closing them. Tune in to understand the long-term benefits of keeping those old accounts alive! ▶ Get Amazing Money Stories here: https://geni.us/7SF6rDf ▶ How I Make A Six-Figure Income On YouTube Book: https://geni.us/UZ2bnyd ▶ How To Get Out Of Debt Fast Book: https://geni.us/HeWdQi1 ---------- DISCOVER FINANCIAL INDEPENDENCE: ▶ Podcast: https://geni.us/N79P5UC ▶ My Amazon Store: https://amzn.to/3rcRvrX ---------- IF YOU'D LIKE TO SHOW SOME LOVE: ▶ Buy My Book: https://amzn.to/3PpUsid ▶ Merch: https://geni.us/fsYNIkc FOLLOW MY OTHER SOCIAL MEDIA PLATFORMS: ▶ Instagram:   / expedition.money   ▶ Facebook:   / expeditionmoney   ▶ X:   / expeditionmoney   ▶ LinkedIn:   / expeditionmoney