We noticed that one of your accounts was closed. This could have been caused by a number of reasons, like account inactivity or a paid-off balance. Depending on the kind of account, your credit can be affected differently. Here are some ways it could be affected.
Your credit card use could go up,
so increasing a different card's credit limit could help balance your debt-to-income ratio.
Your average age of accounts could go down,
which means your credit scores could follow suit.
Looking to reopen that closed account? Reach out to the lender within 30 days to see if it can be up and running again.
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