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AMW2015

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How do I determine the impact of closing credit cards? I've read it can be good or bad -which is it?
Would like to close a couple of cards but am unclear on how this may impact credit score.

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Usually it will harm a score. It depends on how many you have though. If you only have a few cards and close a couple of them, then you can expect a big hit to your scores. If you have many active revolving lines of credit (credit cards), then the damage would not be as bad.

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