Does cancelling your credit card work to stop being scammed by online cash success kit?
Unless your idea of “streamlined” finances is having eight credit cards in your wallet (that’s about how many the average card-carrying U.S. citizen hauls around), you’ve probably considered canceling some of credit cards you don’t use often. Before you dash off “Dear John” letters to your lenders, first make sure you’re not doing more harm than good by parting ways. The truth about canceling credit cards Do unused lines of credit hurt your credit score — or help it? Will removing old information about already closed accounts make you look more (or less) attractive to bankers? Great questions. Let’s clear up some common misconceptions: Closing accounts will not undo anything. Once a credit card is in play, there’s no denying its existence. It’s on your permanent record — your credit report — for at least seven years. Yes, even if you cancel the card the next day. Same goes for any red marks (late payments, charge-offs, overspending) associated with your accounts. Sorry, you simply c
