6 Credit Mistakes Even Those With AMAZING Scores Can Make

A credit card taped together

The truth

While you may think it’s a good idea to close the card to celebrate your recent victory, it’s the absolute worst time. Your credit utilization ratio, which measures how much debt you have to how much available credit you have – would be very low since you don’t have debt. This would be a good boost to your score, instead of the dip that your length of credit would take.