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redsense

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Credit score being lowered due to closing an account
Why does "closing" an account reduce your credit score? My score dropped from 765 to 746 because I closed two accounts. How long will this effect my score?

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It affects your credit score in two ways. First it changes the total amount of available credit to you. Changing the available credit then changes your credit utilization making it increase. A higher credit utilization results in a lower credit score.

Then, closing an account changes your average length of your accounts. If you close a short term account it may actually make your average go up, but closing a long term account it will make it go down, lowering your score. However, this only has a low impact on your score. The credit utilization described above has a much higher impact on your score.

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closing account dose effect on your score. 

It dose stay  not much long . As long as you have another active credit account 

I had student credit card with 500 limit and closed it off that one. and no one were giving me credit card even student card so i had to open secure card and recoverying my credit lol 

It only drops few point though so you should be fine. 

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Chris1631

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My score was lowered even though the credit card company said it wouldn't be. They closed the account due to fraud on the account and issued a new card. Should I contact the credit card company or the credit bureaus? I am still in the excellent range, but feel my score should not have been lowered.

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