A credit card closure can alter the credit mix, reduce credit ageing, increase the credit utilisation ratio, or halt the progress in building a credit score and history. These can result in a marginal fall in the credit score.
A credit card closure can alter the credit mix, reduce credit ageing, increase the credit utilisation ratio, or halt the progress in building a credit score and history. These can result in a marginal fall in the credit score. by Soban News (international And National News)