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Credit card issuer closing your account? Act fast to protect credit scores

Por: Los Angeles Times Business August 12, 2023

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It’s not uncommon for credit card issuers to close accounts. Sometimes they do so to lessen their risk when the economy is in distress, generally as a reaction to your spending activity — or lack thereof. After all, issuers make money from every tap or swipe, so inactive cards aren’t fruitful for them. “If you’re not paying an annual fee and you’re not using the card, you’re below the zero revenue line. You’re actually costing... + full article



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