Does it hurt your credit score when canceling credit cards?
I have no debt on any of the 3 credit cards and I have no use for them so I wanted to cancel them and open just one card, basically centralizing my credit cards. But when asking if it would hurt my credit score, I get two answers that it will and it won’t. I read a documentary written by a credit expert and she explained if you have 4 credit cards and you cancel 3 you hurt your score for ever.
Does it hurt my credit score if I cancel them, is there a certain way to cancel multiple credit card?
Again, there is no debt or money owed on the cards.