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Money and Finances
Reply to "repairing credit"
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[quote=Anonymous][quote=Anonymous]It decreases your credit score because it decreases the available credit you have. I don't think it's a big deal though, if you have a large amount of credit relative to debt, it's not going to make much difference for you. If you only have one credit card and that is the only available credit you have, and you close the account, it could make your score go down.[/quote] Aahh. That makes perfect sense. Thanks. [/quote]
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