When you close a credit card, your credit score will drop. This is because when you have a negative credit score, it can affect your ability to get loans and borrow money. It can also affect your ability to get a job. If you have a negative credit score, it’s important to keep your score as high as possible so that you can get the best interest rates on loans and borrow money. You also need to make sure that you are paying your bills on time and keeping your account in good shape so that your credit rating stays high.
