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December 7, 2007, Newsletter Issue #90: Impact of Canceling Credit Cards
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Tip of the Week
Thinking about cleaning up your credit report by closing old accounts? Think again! Closing old credit accounts does not help boost your credit and can actually damage your credit score. Be especially careful to avoid closing the oldest account on your credit report. Closing this account would cause the most negative impact. It helps your credit score to have accounts open for a long time."
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