credit card
2 questions
- Finance
Does closing a credit card hurt your credit score?
Yes — closing a card can lower your score by raising your utilization ratio and reducing your average account age. Here's when it's worth it anyway.
- Finance
How do I pay off credit card debt fast?
The avalanche method (highest interest first) saves the most money. The snowball method (smallest balance first) builds momentum faster. Both work — pick whichever you'll actually stick to.