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Card Cancelling Thought
starkj
Posts: 63 Forumite
in Credit cards
Don't know if covered elsewhere.
It is considered good practise to cancel cards that you do not use or need so that they are not included in credit rating calculations. If you cancel the card I assume the card company will then not be liable for any problems found later with goods bought on that card.
It is considered good practise to cancel cards that you do not use or need so that they are not included in credit rating calculations. If you cancel the card I assume the card company will then not be liable for any problems found later with goods bought on that card.
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Comments
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Yes, provided you're not overly indebted on other cards because doing so would increase your used to available credit ratio.It is considered good practise to cancel cards that you do not use or need so that they are not included in credit rating calculations.
You assume incorrectly, if you're referring to section 75, or chargebacks within a reasonable period.If you cancel the card I assume the card company will then not be liable for any problems found later with goods bought on that card.0
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