10 Tricks That Will Improve Your Credit Score
Don’t close credit cards once they are paid off.
People are often so excited to get out of credit card debt that they immediately cancel a card when it is paid off. Do not be this person! Why? About 15 percent of your score is determined by the length of time you’ve had credit. By closing your oldest account, you can shorten the length of your credit history, which can deal a blow to that part of the formula. If you have an addiction to spending, canceling may be your best and safest bet. That should be the only time it is considered.