what happens to your credit rating when you give up an old credit card
the journal of Michael Werneburg
Toronto, 2019.07.29
The lore of credit ratings says that maintaining credit accounts for a long time is good, so I've always wondered what happens if you give up an old credit card. Now I know; I recently gave up a nearly 20-year old card and my rating's fallen from 859 to 822 so far.