Closing a Credit Card ??? – Think Twice B4 You Leap — Better 2 Hide in Sock Drawer

Some U.S. credit cardholders mistakenly believe closing credit cards will improve their credit score. In reality it could harm your credit score because it will likely change your credit utilization computation, lowering your score.  Credit utilization comprises about a third of your credit score, a major factor. In fact, credit utilization and payment history (late…