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 Credit Application Famous Supply 2011

2011-2025 Form

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Cancelling a credit card is something that some people say will destroy your credit score, some people say is no big deal at all. And honestly, it's really hard to know who to listen to. Well, the truth is both sides are correct. And that's why today I want to demystify this topic for you. No matter what part of the credit card journey you're in, on top of discussing how your credit score is impacted and when you should or shouldn't cancel a credit card, I'm going to apply all of the concepts that I talk about in this video to my personal keeper cancel decision for the MX business gold card that just had its annual fee renew. So, let's start by talking about what happens if you do cancel a card. Your credit score is made up of five key factors. Payment history makes up 35%, amounts owed or credit utilization makes up 30%, your length of credit history makes up 15%, your credit mix makes up 10%, and lastly, new credit makes up the last 10. Only a couple of these

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