389: Will Closing This Credit Card Hurt Me?

Will closing my credit card negatively affect my credit score?
This week we hear from a listener who wants to close a credit card but they are afraid of what this might do to their credit score. There are 5 different components that determine credit scores and I’m breaking those down from most to least important to determine whether closing a credit card could result in any short or long-term negative impacts to your score. 
Read my Men’s Health article: The 'Avocado Toast’ Effect of Spending Is Totally Overblown
Join Me on YouTube! https://www.youtube.com/PopcornFinance
Want to submit a question to the show?
Send an email to [email protected] Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259
Connect with me Instagram | Twitter | Facebook | YouTube | TikTok
Thank you for listening to today’s episode! Help support the show by leaving Popcorn Finance a rating or review on Apple or Spotify!
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Will closing my credit card negatively affect my credit score?

This week we hear from a listener who wants to close a credit card but they are afraid of what this might do to their credit score. There are 5 different components that determine credit scores and I’m breaking those down from most to least important to determine whether closing a credit card could result in any short or long-term negative impacts to your score. 

Read my Men’s Health article: The 'Avocado Toast’ Effect of Spending Is Totally Overblown

Join Me on YouTube! https://www.youtube.com/PopcornFinance

Want to submit a question to the show?

Send an email to [email protected] Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259

Connect with me Instagram | Twitter | Facebook | YouTube | TikTok

Thank you for listening to today’s episode! Help support the show by leaving Popcorn Finance a rating or review on Apple or Spotify!

Learn more about your ad choices. Visit megaphone.fm/adchoices