It may not be right, but the credit scoring system really isn't about your financial responsibility. Which is why you might be penalized when you close a credit card account.
Why Closing a Credit Card Account Can Affect Your Credit Score
Posted by
MMarquit under Finance
From http://www.peakpersonalfinance.com 5041 days ago
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Comments
5041 days ago
I am in total shock! This is something I never was aware of. Holy Moly...you go and try and do the responsible, prudent thing and they whack you. It's amzing that the "big guys" get rewarded for their failures with bailouts, loans and more money, then the small guy from Main Street tries to do something responsible and boom! Thanks for an eye-opening piece!
Yoni