Tuesday, March 2, 2010

Canceling credit cards won't hurt your FICO score

There are plenty of folks out there who would like to cancel their credit cards - maybe they've got too many, or they're not using them - but won't do so for fear of it dinging their credit. We found an insightful look at the elements of how a credit score is calculated on CNNMoney.com today. It goes into how credit cards affect a credit score, and I think it's worth looking at. Here's the article:


No comments:

Post a Comment

Family Investment Center Videos