2
Closing a $2,500 card dropped my score 40 points overnight
I shut down my oldest card, a 12 year Capital One with a $2,500 limit, because I wasn't using it. My score took a 40 point dive from 740 to 700 a few days later. The credit guy at my local Chase branch says it's the lost history, but I think it's the utilization ratio that hurt more. Anyone else close a card and watch the drop, and did it recover after a few months or did you fight it somehow?
0 comments
Log in to join the discussion
Log In0 Comments
No comments yet
Be the first to share your thoughts on this discussion.