July 30, 2007

Can Closing Credit Cards Really Hurt Your Credit?

In the Supernova Coaching July Newsletter, we talked about how closing your credit cards can actually hurt you. Well, that definitely got some dialogue going behind the scenes. Many of you wanted to know more about how this works. Well, here is a primer on how credit scores are calculated. So, can closing your cards hurt you? We'll let you be the final judge.

Your credit score is made up of five different categories: Payment history, Amounts Owed, Length of Credit History, New Credit and Types of Credit Used. read more digg story

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