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: Loan Modification & Home Loan News

Will canceling a credit card lower my credit score?

By Moe Bedard

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Canceling a credit card may actually lower your credit score because the company that calculates credit scores takes into account the ratio of your total credit card debt over the total available credit that is given to you. This value is known as the credit utilization ratio and the higher it is, the lower your [...]

Full post as published by Loan Modification & Home Loan News on March 10, 2010 (boomark / email).

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