Comment to 'How To Increase Your Credit Score. Is It Really Possible?'
  • Keep some unused accounts open.

    Closing unused accounts is a common myth when it comes to improving your credit score. In fact, closing accounts can actually hurt your score. Why? Because a part of your score is calculated by determining how much debt you have versus how much available credit you have.

    • If you close out your available credit, your debt becomes a larger percentage of the credit available to you and may lower your score.
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