If I close any of my credit account, does it affect my credit history?

Question

let say i have 4 account and i close 2. does it gonna affect anything on my credit history.

Answer 1

Closing an account will not remove it from you credit report. I currently have 9 closed accounts (all closed in good standing) on my report. Given the information you supplied, it is impossible to guess what affect closing accounts would have on your score. It would be difficult even with complete information. The age of your oldest account, the age of your newest account and the average age of your accounts are all considered in your credit score. At least one of these is likely to change when you close any account. The total amount of available credit and your 'credit to debt' ratio will also change. This could increase or decrease your score.

Answer 2

Yes, it will lower your score.

Credit scores are based on 5-things as follows;
1. Payment history 35%
2. Time in bureau 15%
3. New credit 10%
4. Type of credit used 10%
5. Debt 30%

As you can see, history, time in bureau and debt are the most important. If you have had one of the cards a long time and payed it as agreed, your score will go down if you close it.

Answer 3

All your accounts remain on your credit history, but the status is shown as open or closed. If you were ever late paying on any of these accounts you are closing, it will STILL SHOW ON YOUR CREDIT HISTORY.

It won't really effect your credit history, BUT lenders do take into account the amount of credit you have available to you, and your balances when you apply for any kind of loan.