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Tag: FICO score factors

Does Canceling a Credit Card Hurt Your Score? The Truth About Credit Utilization and Age

Does Canceling a Credit Card Hurt Your Score? The Truth About Credit Utilization and Age
Evelyn Rainford 3 May 2026 0 Comments

Canceling a credit card can hurt your score by raising your credit utilization ratio and shortening your credit history. Learn when it's safe to close an account and how to minimize the impact on your FICO score.

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