Credit Card Management

What You Need to Know

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How Credit Cards Affect Your Credit Score

Many people have a love/hate relationship with their credit cards. They love what the cards can provide, but they hate paying off the bill. If you are working to improve your credit score and thinking about closing some of your credit card accounts, then be sure to contact 360 Credit Consulting first. We have the experience to help you make the best decisions to improve your credit score.

360 CREDIT CONSULTING SPECIALIZES IN EVERYTHING YOU NEED TO STOP NEGATIVE CREDIT REPORTS, BUILD YOUR CREDIT SCORE, AND BECOME AN EXPERT AT MANAGING YOUR FINANCES.

Call to learn how to:

  • Obtain credit approval

  • Build your savings

  • Learn what’s in your credit report

  • Maintain a good credit score

  • Address mistakes and inaccuracies in your credit report

  • Get a free credit analysis

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Closing a Credit Card

The idea of closing a credit card can be very appealing. It might also be helpful, but there are a few things you need to consider before moving forward with this decision. First of all, you want to take the necessary steps to establish a good credit history. If your past is littered with sporadic or late payments, then you’ll want to work on making regular, on-time payments to move your credit report in the right direction.

Number of Credit Cards

The more cards you have, the more likely that closing one of them would be in your best interest. If you have just a few credit cards, however, you want to avoid doing this as it will have a potentially negative impact on your report. The more that the credit bureaus can see how well you manage your accounts for a longer period of time, the more likely they are to raise the numbers in your report, which will raise your credit score.

Credit Card Terms

It is important to take a close look at the terms for the various credit cards that you have. Not all terms are the same, and some can actually make it very difficult for you to maintain a good credit history. In particular, you want to pay attention to the annual percentage rate (APR) on each card. The higher the interest rate on your balance, the longer it will take for you to pay off the card.

Closing a credit card is not always the right step to take when you are trying to repair your credit history or improve your credit score. Contact 360 Credit Consulting today and schedule a free consultation to learn what the best steps are for your financial situation.

We Specialize in All Your Credit Needs

360 Credit Consulting can help you save! Are you trying to get credit approval? Improving your credit will save you thousands of dollars each year with better interest rates.

Do you know what’s reporting on your credit report? Do you know what can make it better or worse? Do you know how to maintain a good credit score? Take advantage of our free educational resources and start saving money today.

Don't let a few bumps in the road hurt your financial future. Errors and inaccuracies on your credit are costly, and you might not even be aware of them. We find them and help you remove them.

We can help calculate a realistic time frame for you to achieve the results you want. 360 Credit Consulting analyzes your credit and guides you through the process.