How does canceling card affect your credit card score? Adam Baker canceled all his cards and wrote about it. His credit score dopped only 10 points but he thought it may dropped more.  His credit was already about 700 so I think results would be different if a person’s score is initially under 700 before canceling the credit cards.

Living without financial burden of credit cards sounds great in theory, but it may be an obstacle later when purchasing a home, car or getting a loan.

1. Alexis Martin Says:
   May 11th, 2010 at 10:57 am

   My credit score last year got lower because i have some unpaid bills on my credit card company and i also lost my job.`.-