Will Closing Old Cards Hurt My Credit Score? – Fox Business

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Will Closing Old Cards Hurt My Credit Score?
Fox Business
My wife and I are trying to close out our credit cards. One of the issuers is advising me that closing the card could lower our credit score. Is this true?

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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