Do not close any credit accounts, even if you have not used them in a while.
Every time you apply for a new credit account, your credit score takes a small hit. If you apply for multiple new accounts in a short period of time, it can add up and impact your score.
What factors lower a credit score?
Defaulting on a loan. I
his will seriously damage your credit score.
Having a short credit history.
is 50 % 50%
50%50, percent. If you're using more than 30 % 30%30, percent of your available credit, it can hurt your credit score.
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