The age of your credit accounts is a key factor that determines your credit score. Discontinuing old credit accounts can shorten your average account age, which may slightly lower your score, particularly if you don't have many other accounts with a long credit history.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.