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richsh

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how much does cancelling credit cards affect my score

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It drops it like a rock!! Your credit score is built on a lot of things, and one of those is how much you are trusted, which is shown by how much credit you have been allowed to have.  The more, the better.  You don't have to use it all, but you do have to have it available for use. Cancel the cards and you don't have credit available..

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