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Question By
ymarie13

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Why after closing unused Cards my score dropped 30 points?
I closed multiple Store Credit Cards and my score dropped almost 30 points. Why was that? I had read it was good to do so if they had just been there unused for years. I also had to do some research on them since I had no clue what or where they were from. I only left the big CC so how can I bring up my score now?

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Because you closed the cards.

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All the available credit you have is good for your credit score even if you don't use the cards.  Closing a card removes that credit limit from your total and hurts your credit score.  After a long period of inactivity, stores may close the cards but as long as the cards are considered active, they should be kept locked in a safe place and you will continue to benefit from having that "available" credit on your score.

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