Closing a card can also cause a jump in your debt - to - limit ratio, which could cause
a temporary decrease in your credit score.
It is true that filing bankruptcy will cause
a temporary decrease in your credit score and you may pay higher interest rates for credit immediately after completing a bankruptcy case.
Not exact matches
This will result
in a slight
decrease in your
credit score, for a
temporary period of time.
Before you enter into panic mode, remember that these
decreases in your
credit score are only
temporary!