2023-09-05 19:30:57
There are different resources that everyone should know for their economic life and, from there it is worth getting to know the details about our finances, following the line that we have proposed, it is convenient to explain if canceling a card can affect your history in the Credit Bureau .
Let’s start by saying that doing something like this, that is, canceling a credit card, is not something that is extraordinary or abnormal, since there are many people who carry out this action. Now, before making a decision, it is better to think about it a bit, simply to have more knowledge.
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If I cancel a card, will my credit bureau history be affected?
The reality is that it does not cancel your credit history and it only records that you stopped having financial activity. Given this, your credit rating will not disappear, but the situation changes.
If the person who decides to cancel his card only has one card, the Credit Information Societies (SIC) will only be able to take the records of the operations carried out with that same card and with this, determine if the user is worthy of credit or No. To be clearer, it can mean a long-term problem, because canceling the card hurts your history, because its financial behavior cannot be reflected.
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And finally, if a person has many credit cards and decides to cancel one, it would be beneficial, since it could be interpreted as looking to fix their personal finances and it would not affect their ability to pay, while they are still active.
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