Thursday 23 August 2012

Credit Card Closure affects CIBIL Credit Rating Score: Think twice before closing credit cards

Closing your unwanted credit card can affect your credit rating in a negative way.

If you have been in the habit of taking new credit cards every now and then and closing them after sometime for whatever (genuine) reasons, then think twice before you continue such a practice. It might lead to your credit history and credit ratings getting affected in a negative way.

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