Think Twice Before You Close a Credit Card
Kiplinger's Personal Finance|August 2021
Even if you’re no longer using it, closing an account could ding your credit score.
- RIVAN STINSON
Think Twice Before You Close a Credit Card

PAYING OFF HIGH-INTEREST credit card debt is an important step toward financial freedom, and Americans have taken this standard personal finance advice to heart. According to data from the Federal Reserve, revolving credit balances (primarily credit card debt) dropped more than 11% from 2019 to 2020. Analysts believe the decline stems from a combination of spending cutbacks during the pandemic and billions of dollars in stimulus checks, which many consumers used to pay off debt.

If you find yourself with one or more paid-off credit cards taking up wallet space, should you close your accounts for good?

この蚘事は Kiplinger's Personal Finance の August 2021 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Kiplinger's Personal Finance の August 2021 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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