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Is it really true closing a credit card account is usually bad?
I just saw this question answered on this forum. The "best" answer said once closed, the info on credit account vanishes. However, I've check my credit report several times over several years with all three agencies. ALL the credit cards I've had and cancelled are there, along with histories of max credit extended, and how long the accounts were open. Some of these accounts had been cancelled nearly 10 years before. I don't know about what others see, or are allow to "count" on credit reports, but it is not true these histories disappear from your credit history.
9 AnswersCredit1 decade ago