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hreed12

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Does cancelling a credit card with a balance on it negatively affect your credit score?
I will continue to make payments each month until my card is paid off.

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Cancelling ANY credit card removes that card's credit limit from your credit total.  The more available credit you have, the better your score.  Also, another factor is the age of accounts.  The longer you have credit accounts that are active, the better.  Please re-read the articles here to improve your understanding of how credit works.

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